NAI Hiffman, one of the nation’s largest independent real estate services companies, and Hiffman National, the firm’s property management and advisory services division, today announced that Chicago-based fashion retailer AKIRA has executed a long-term lease extension for 202,105 square feet of warehouse space at 150 E. Crossroads Parkway, Unit A, in Bolingbrook, Illinois.
The extension allows AKIRA to maintain and expand its distribution operations in the Interstate 55 Corridor, one of the Chicago area’s premier industrial submarkets. The NAI Hiffman brokerage team of Dan Leahy and Dan O’Neill represented AKIRA in the transaction.
Since its founding in 2002, AKIRA has grown from a single boutique into a nationally recognized brand with more than 40 stores across multiple states, supported by a robust e-commerce platform.
NAI Hiffman was engaged in late 2024 to conduct a comprehensive market assessment of industrial warehouse opportunities throughout the Midwest ahead of AKIRA’s lease expiration. Following an extensive evaluation process that included market surveys, ownership outreach, financial modeling and operational logistics analysis, the team identified a lease extension as the optimal long-term solution for AKIRA’s operational and growth needs.
“This transaction reflects the value of a strategic, data-driven real estate approach,” said Leahy, executive vice president at NAI Hiffman. “By thoroughly evaluating both on-market and off-market opportunities, we were able to help AKIRA make a well-informed decision that supports its continued growth, automation implementation and operational efficiency in the Midwest.”
The extended lease allows AKIRA to maintain its established distribution footprint while supporting future expansion and continued service to its growing retail and e-commerce customer base.
The property is owned by Prologis.
