NAI Hiffman represented a joint venture between EverWest Real Estate Partners & Dividend Capital Diversified Property Fund in 14 new lease and renewal transactions totaling 53,121 square feet of office space at Washington Commons in Naperville, Illinois. Strong leasing momentum has raised the property’s occupancy rate by 15% in the past year—the highest occupancy experienced at Washington Commons since the first quarter of 2007.
Bright Horizons Family Solutions, a leading provider of early education and preschools, signed the largest transaction to occupy a 16,851-square-foot space at the property. Other large leases include NVR, Inc., a homebuilding and mortgage banking firm, with a new 8,302-square-foot lease and food company, Nestle USA, with a lease renewal for its 6,121-square-foot office.
Located at 450-900 East Diehl Road, Washington Commons is a 202,065-square-foot complex made up of 10 interconnected office buildings. The class A office is located in the western I-88 corridor along Diehl Road and Washington Street. Washington Commons offers flexible space options and spec suites for immediate occupancy with available suites ranging in size from 1,081 to 19,209 square feet.
Dan O’Neill and Matt Novak, with NAI Hiffman’s office services group, represented ownership in all 14 transactions.
