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.

NAI Hallmark has announced the sale of The Park at River City for $7.5 million. The 104-unit multifamily property is located at 10621 Monaco Drive, Jacksonville, FL. Senior Vice President John Rutherford and Vice President Luke McCann brokered the transaction on behalf of seller Toro Real Estate Partners and buyer Park at River City LLC, the Buyer.

“NAI Hallmark is pleased to have represented the Seller and Buyer in the sale of The Park at River City,” said Rutherford. “This transaction is yet another example of Jacksonville’s resiliency in the current climate, and further illustrates the significant upside potential remaining in the multifamily market compared to other major markets throughout the country,” said Rutherford.

The property was built in 1967 and consists of 104 units ranging in size from one to two- bedrooms in 13 two-story buildings on 5.59 acres minutes from Jacksonville International Airport.