The Davis Companies is pleased to announce the acquisition of Edens Corporate Center, an 8-acre property featuring twin Class A 188,000-square-foot four-story office buildings located at 630 and 650 Dundee Road in Northbrook.
The Davis Companies entered the Chicago market in February of 2010 with the acquisition of The Crossings of Oak Brook in Oak Brook, Illinois, followed by the June 2011 purchase of Silver Tower, a 38-story multifamily project in River North. Since then, they have made good on their well-deserved reputation as an active and practical landlord, focusing on the maintenance and improvement of their properties as well as the fostering of successful relationships with the local brokerage community and their tenants.
With assistance from NAI Hiffman’s management and leasing teams, The Davis Companies established a program to better understand the asset and identify areas warranting attention. This has been accomplished by engaging existing tenants, improving day-to-day services and committing to several improvement projects such as modernizing the washrooms and the onsite café. “Our goal is to elevate any property we obtain and to make it a more enjoyable place to live or work for the people who call it home,” noted Duncan A.C. Gilkey, Senior Vice President and Director of Leasing for the Davis Companies.
In April, NAI Hiffman established an on-site property management office headed up by Thomas Murphy, who most recently managed 123 N. Wacker Drive, a Class A, 540,000-square-foot office asset in downtown Chicago.
“The Davis Companies is a well-funded firm that has demonstrated—within a short timeframe—their ability to reposition the asset by expanding existing and committing to new tenants who wish to be in a well-maintained, North Shore location,” said Bob Assoian, managing director for NAI Hiffman, the firm chosen as the leasing and property management providers for Edens Corporate Center. “We are excited to be partnering again with The Davis Companies to deliver a shared philosophy of stellar customer service.”
