Cushman & Wakefield announced that the Central Regional Offices of Hyundai Motor America (“HMA”) have relocated into TransAm Plaza Two in Oakbrook Terrace, Illinois.
The multinational automotive company recently completed its move into 18,044 square feet on the top floor of the five-story office building located at 2 Trans Am Plaza Drive.
HMA’s office move to Oakbrook Terrace places the company in a larger Class A building positioned adjacent to the Chicago Automobile Trade Association just off Butterfield Road (Illinois Route 56). It also repositions part of the company’s offices about halfway to Chicago from its former facility. The company is relocating a total of 75 employees for administration and dealer-related services that serve 13 Midwestern states and over 250 retail dealerships across the region.
HMA officially executed the lease directly from the owner, American Landmark Properties, earlier this year in a deal valued at more than $4 million.
The company relocated a portion of its regional office operation nearly 20 miles east from its subsidiary’s parts warehouse building at 1705 Sequoia Avenue in Aurora. Notably, HMA had recently sold the 350,800-plus-square-foot industrial property in Aurora to Boston-based Cabot Partners in a separate sale-leaseback transaction valued at nearly $25 million. HMA’s service training center and parts distribution subsidiary, Mobis, will remain in the Aurora facility.
Debra Streff, Senior Group Manager, Administrative Services, of HMA orchestrated the transaction on behalf of HMA, collaborating with brokers Donald Yahn, Brett Swartzbaugh, Jordan Rovito, Jason West, Sean Henrick and Michael Magliano of Cushman & Wakefield’s Irvine (Orange County) and Chicago offices, who joined forces to represent HMA in the deal. JBS Commercial represented the landlord. HMA’s project architect was EWP Architects, and construction was provided by Executive Construction, Inc.