Search
 

Tenants Hold Cards in West Suburban Deals

LISLE, IL-Telecommunications company Intrado cuts its costs by 21% by renewing a 28,000-sf lease two years ahead of expiration. Meanwhile, M&M Orthopaedics gets more space for less in an early renewal of a 12,000-sf pact.

By Mark Ruda | Updated on January 06, 2006

(To read more on the net lease market, click here.)

LISLE, IL-With office vacancy still above 21% when available sublease space is added, the western end of the East-West Corridor is lagging behind the overall suburban market. However, that continues to work to tenants’ advantage, as two recently signed deals prove.

Longmont, CO-based telecommunications company Intrado had two years left on its lease at the Lisle Executive Center 3030 Warrenville Rd., but struck a 28,000-sf renewal that cuts its occupancy costs by more than 21%, according to its brokers. M&M Orthopaedics had more than two years left on its deal at 4300 Commerce Ct., but increased its space there to 12,000 sf while cutting short-term occupancy costs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.