Search
 

HSBC North America Relocating to 440,000-SF BTS

METTAWA, IL-The finance company, now headquartered at 2700 Sanders Rd. in Prospect Heights, will move north up the Tri-State Tollway to Hamilton Partners' 28-acre site at the Route 60 interchange. Itasca-based Hamilton Partners is building the headquarters, which is likely worth about $100 million.

By Mark Ruda | Updated on January 09, 2006

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

METTAWA, IL-HSBC North America Holdings Inc. will move from Prospect Heights to a 440,000-sf office building at the Route 60 interchange at the Tri-State Tollway. Itasca-based Hamilton Partners is building the headquarters for the former Household International on 28 acres it owns at the northwest corner of the interchange, a deal likely worth about $100 million.

HSBC North America Holdings will sign a 13-year lease when it moves its 2,400 employees to Lake County, which is expected in early 2008. The deal gives HSBC North America Holdings options that could extend the lease for another 30 years. Although lease terms were not disclosed, Hamilton Partners’ asking gross rates at its 156,160-sf Woodland Falls building at 26255 N. Riverwoods Blvd. are $19 per sf.

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.