NAI Hiffman and Hiffman National, the firm’s property management and advisory services division, 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.

“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. The property is owned by Prologis.

Alexandria Real Estate Equities, Inc. executed a 10-year lease with Vaxcyte, Inc., a clinical-stage biopharmaceutical company, for a total of 258,581 square feet at 825 Industrial Rd. on the Alexandria Center for Life Science – San Carlos mega-campus. The lease includes new space and an extension of the lease term for its existing space.

Vaxcyte has been an anchor tenant at the Alexandria Center for Life Science – San Carlos since it opened in 2021. The purpose-built mega campus features significant options for future growth in addition to essential Labspace infrastructure in a location offering convenient access to Highway 101 and walkability to Caltrain, boutique shops and restaurants. 

The REIT did not identify any brokers on either the ownership side or the tenant side. The Alexandria Center for Life Science – San Carlos currently is 97.4% occupied, with approximately 1.4 million square feet of future development opportunities as of Sept. 30.

Drawbridge Realty has extended a 60,002-square-foot lease at 170 Rose Orchard Way in San Jose to Beckman Coulter, Inc., a developer and manufacturer of biomedical testing products. The tenant is a subsidiary of publicly traded Danaher Corporation.

“We’re delighted to be able to extend Beckman Coulter’s lease for an additional 10 years,” said Mike Embree, managing director and SVP, Drawbridge Realty. “This will maintain 100% occupancy at our Rose Orchard campus. Beckman Coulter conducts important work in diagnostics and life science, and we are happy to support the continuity of that work.”

Drawbridge Realty acquired Rose Orchard, a five-building office/R&D campus totaling 315,000 square feet, in 2019. The property has been 100% leased since June 2023, when global semiconductor company NXP signed a long-term lease for 40,050 square feet.

Beckman Coulter was represented in lease negotiations by Christopher Shepherd of CBRE. Steve Horton, Colin Feichtmeir, and Kelly Yoder of Cushman & Wakefield represented Drawbridge Realty.