After acquiring the building in May 2018 and completing a refresh of the premises, Clear Height Properties has completed a lease for 15,233 square feet of flex office and industrial space at 550 N. Commons Drive in Aurora, Illinois. Orbit Medical, relocating from Naperville, Illinois, leased contiguous suites including extensive office buildout and 3,925 square feet of warehouse space.
A Medicare-contracted supplier of medical equipment, Orbit Medical specializes in power mobility, complex rehab, home respiratory, orthotic devices, general DME and pain management supplies. Orbit Medical has over 125 employees servicing over 30,000 patients annually, with five locations throughout the Midwest as well as a corporate office in Salt Lake City, Utah.
The 38,746-square-foot property is part of a two-building portfolio in the Meridian Tech Center, developed in 1984, that also includes the 30,694-square-foot 600 N. Commons Drive. Clear Height acquired the buildings less than one year ago and completed extensive, customized tenant improvements for Orbit Medical. With this lease, 550 N. Commons Drive is now 100 percent leased.
“Activity at these buildings demonstrates our belief that with a focus on capital improvements and aggressive marketing, tremendous value can be created,” said Joe Sergi, COO Clear Height Properties. “Equally as important, tenants like Orbit Medical are able to establish a great place to conduct their business.”
The buildings are located just north of Route 34 (Ogden Avenue) and west of Route 59 in a business campus that includes light office and flex buildings as well as light industrial facilities. Within close proximity are the amenities surrounding Fox Valley Mall, a METRA station and numerous PACE Bus stops.
Adam Johnson and Ryan Maher, both of NAI Hiffman, are the exclusive leasing agents for both 550 and 600 N. Commons Drive, representing Clear height Properties. Orbit Medical was represented by Victor Sanmiguel and Mike Kraft of Bespoke Commercial Real Estate.