Thermos LLC is moving from the Woodfield Corporate Center in Schaumburg to 21,458 sf at 2550 W. Golf Rd. in the Meadows Corporate Center in Rolling Meadows. Space is being built out at the company's new location. Chicago-based Equis Corp. handled negotiations for Thermos LLC while Cushman & Wakefield represented the property owner, GSIC Realty.
Meanwhile, MeadWestvaco is staying in 12,347 sf at Woodfield Preserve II at 20 N. Martingale Rd. after consolidating offices that were located in neighboring Elk Grove Village and the O'Hare area.
"Schaumburg is a very soft market with Class A vacancies near 30%," says Julien J. Studley managingdirector Corey Chase, in a statement. "The building owner, Hines, saw the opportunity to secure a credit-worthy tenant for a long-term lease, and were aggressive and accommodating during transaction negotiations."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
