Although terms were not disclosed, the flex space had been on the market at net lease rates ranging from $4.50 per sf to $11.50 per sf. The three-story building is across the street from the REIT's Oakmont Corporate Centre, which offers a fitness center, deli, day care and conference facilities. Peter Adamo from CB Richard Ellis represented Duke Realty Corp. along with the REIT's vice president of leasing, Ryan O'Leary. Sven Sykes of Grubb & Ellis represented Follett Higher Education Group.
"We have had a high level of recent activity in the I-88 submarket, and are looking forward to continued success in the new year," says Duke Realty Corp. senior vice president Steve Schnur.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
