Bradford Allen Logo

Bradford Allen Completes Six New Leases for Farbman Group at Soon to Be Renovated Naperville Property

CHICAGO, IL – Jeffrey Bernstein, Principal and Co-Founder at Bradford Allen is pleased to announce that the firm has completed six new leases, totaling 25,565 square feet, at 280 Shuman Boulevard in Naperville, Illinois, increasing the occupancy by 37%.

280 Shuman Boulevard is a 69,077 square foot, two-story office property featuring an atrium lobby with a fireplace, a conference room and tenant lounge area. The building offers immediate access to I-88 and I-355 and easy access to public transportation as well as numerous area dining options. Built in 1979, the property is currently undergoing several major renovations to create more collaborative public spaces and an urban ambience to enhance the tenant experience. Renovations include modernizing the atrium areas by including Wi-Fi access, a new urban lounge and a dramatic light-filled atrium with bench and contemporary seating.

“We are excited about these recent deals at 280 Shuman, which were completed on behalf of the property owner, Farbman Group,” said Bernstein. “Our success in leasing the property stems from the major improvements being made by ownership, the building’s advantageous location as well as our continued dedication to tenant satisfaction.”

Ryan Moen, Director at Bradford Allen and the exclusive agent for the building, completed the six new leases totaling 25,565 square feet. The transactions completed at 280 Shuman Boulevard include 12,599 square feet for Rex Worldwide, represented by Troy Golden with SC Group; 3,431 square feet for Rightsize, self-represented; 3,388 square feet for Symmetry, represented by Chip Haines with RE/Max of Naperville; 2,859 square feet for SQS USA, represented by Steve Rasiramos with Bespoke Commercial; 2,087 square feet for AKT Peerless and 1,201 square feet for ML International, both self-represented.

“The Farbman Group is making significant capital improvements to 280 Shuman,” said Moen. “In today’s competitive marketplace, tenants seek a fresh new look and it’s important to have a product that addresses the changes in tenants’ preferences. The Farbman Group’s recognition of that fact will significantly improve the value of this property and the modifications have been well received by the marketplace.”

The renovations to the property are currently underway and are set for completion in May of 2015. The remaining 24,256 square feet is immediately available for lease.

 

About Bradford Allen Realty Services

Bradford Allen Realty Services, a Chicago-based commercial real estate firm, offers a full range of services and expertise to entrepreneurial and corporate business entities as well as not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate.