NAI Hiffman Secures Full-Building O’Hare Industrial Lease
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
NAI Hiffman represented Prologis in the full-building lease of a 120,985-square-foot distribution facility at 951 W. Thorndale Ave. in Bensenville, Illinois. NAI Hiffman Vice President Paddy Dwyer, Executive Vice Pres…
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