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ComEd Breaks Records With 430,000-SF Suburban Deal

OAKBROOK TERRACE, IL-And it's doing so in a big way with a 430,000-sf lease. The transaction is said to be the largest in years for Chicago's west suburban market.

By Bonnie Grota | Updated on November 14, 2000

OAKBROOK TERRACE, IL-Electric utility Commonwealth Edison has signed a lease agreement for 430,000 sf at the Lincoln Centre complex in Oakbrook Terrace, a suburb in Chicago’s west suburban market in DuPage County. The project, a joint venture of developer Lincoln Property Co. and the Prudential Life Insurance Co. of America, is located at the intersection of 22nd Street and Butterfield Road. The deal is reported to the largest suburban office lease signed this year, and may well be the largest in the DuPage market in several years.

ComEd will relocate approximately 1,800 employees into two new buildings that were originally built on speculation. Dallas-based Lincoln Property started the Lincoln Centre complex in 1986 with a single building. Due to market conditions, the firm held off until 1999 when it decided to build two new buildings, one 10 stories, the other six stories, known as Lincoln Centre II and III.

ComEd will use the new space to consolidate its suburban operations. Employees will move from about six offices, but the majority will relocate from Oak Brook, Willowbrook and Bolingbrook. Departments moving include engineering, planning, information services, human resources, contracting and supply units and the transmission and distribution group. According to a spokesperson for ComEd, the utility does not plan to close any of the office space the employees will leave, but will research the best use of the space within the company.

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