CHICAGO—Neighborhood Housing Services of Chicago (NHS) has renewed its 15,656-sq.-ft. lease at 1279 North Milwaukee Avenue in Chicago. The nonprofit community development organization has operated its citywide office from the location since 2001.
Bradford Allen Realty’s Managing Director Sameena Mustafa Basit and Senior Managing Director Craig Nadborne represented NHS in lease negotiations, which enabled the organization to reduce its occupancy costs while reorganizing its floor space for improved efficiencies. Centrum Properties, Inc. represented the landlord, AGC West Town Center Owner L.L.C.
“The new lease terms will save NHS over 20 percent in occupancy costs,” said Basit.
Established in 1975, NHS is provides residents of Chicago and Elgin with affordable resources to buy, fix and keep their homes. Since its inception, NHS has created more than 3,880 new homeowners.