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updated: 11/20/2017 12:25 PM

NAI Hiffman completes Lombard leases

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  • Travelers Insurance has completed three lease transactions at its owned asset, Butterfield Centre, a 271,000 square-foot office complex located at 700 and 720 Butterfield Road in Lombard.

    Travelers Insurance has completed three lease transactions at its owned asset, Butterfield Centre, a 271,000 square-foot office complex located at 700 and 720 Butterfield Road in Lombard.

 
Daily Herald Report

NAI Hiffman said that Travelers Insurance has completed three lease transactions at its owned asset, Butterfield Centre, a 271,000 square-foot office complex located at 700 and 720 Butterfield Road in Lombard.

In the first transaction, Strategic Capital Investment Advisors Inc., plans to remain its space at 700 Butterfield Road and expand to a total of 4,822 square feet at the building. The investment advisory firm provides financial planning, portfolio structuring, and asset allocation services to high net worth families, individual family members, and trusts. Also at Butterfield Centre, Explorer Market Research Corporation, a behavioral research firm, signed a new lease at the 720 Butterfield building for 7,604 square feet. Jason Schultz with the J. Rich Company, represented Explorer Market Research Corporation in the transaction.

And Performance Services, a design and construction company, recently leased a 7,361-square-foot space in the 700 East Butterfield building. Performance Services was represented by David Ven Horst of Tenant Advisors. The completion of these transactions brings the building's current occupancy to 98.8 percent.

One 3,387-square-foot space remains available for lease. Mike Van Zandt, NAI Hiffman executive vice president and Vice President Brian Edgerton, with the firm's office services group represented the Travelers Insurance in the lease transactions.

Comprised of more than 160 real estate professionals, Oakbrook Terrace-based NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the metro Chicago market.