Duke Realty Corp. owns the 258,971-sf office building. The building is currently 92% leased, says Josh Robbins, Duke leasing representative. The National Roofing Contractors Association, Dairy Management Inc. and Abanco International LLC are other major tenants of the building.
LifeWatch, which is a wholly owned subsidiary of Switzerland-based Card Guard AG, is expanding and consolidating its corporate headquarters and an office in Boca Raton, FL. The move will allow LifeWatch to have different floors for different departments, says Robbins. The business will move into the Rosemont location in April.
LifeWatch chose the building partly because of its location near O'Hare International Airport and public transportation, Robbins says. "It was an image upgrade [from a single-story building in Buffalo Grove to a nine-story building in Rosemont] and a good central location for recruiting purposes and also their employees," Robbins tells GlobeSt.com.
In addition, to the location, the building offers amenities, such as a shuttle service from the Blue Line of the Chicago Transit Authority to the building and has a 143-seat auditorium. The auditorium on site will be useful for the trainings that LifeWatch provides for its employees and clients, Robbins tells GlobeSt.com. The walking proximity to hotels, a deli, a sundry shop and restaurants, such as Nick's Fishmarket and Harry Caray's Restaurant, was also a deciding factor for LifeWatch to relocate to the building, he says.
Robbins represented Duke, and Alex Smith of Cushman & Wakefield represented LifeWatch in the transaction. Robbins would not disclose the lease rate or average lease rate for the building. Asking rent for class A office buildings in the O'Hare submarket is about $25.37 per sf, according to a Grubb & Ellis fourth-quarter market report.
Duke also owns O'Hare International Center I, a 257,808-sf building at 10275 W. Higgins Rd. The corporation owns, manages or has under development more than 112 million sf, Robbins says.
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