Quebecor Leases Nearly 70,000 SF at Tallgrass

BOLINGBROOK, IL-Quebecor World Logistics Inc. has signed a lease for 69,484 sf at Tallgrass Corporate Center, 1000 Remington Blvd., including 60,237 sf of office space and 9,247 sf for a data center. Quebecor, which produces publications, catalogs and commercial work, will move about 300 employees to the Tallgrass Corporate Center, says Joe Neverauskas, senior vice president with BPG Properties Ltd.

Quebecor is consolidating about 46,000 sf of offices in Bensenville and Arlington Heights and some of the office employees from warehouse space leased by Quebecor in Bolingbrook. Quebecor chose Tallgrass because it already leases space in Bolingbrook, and the proximity to highways, Neverauskas says. Tallgrass is also one of the few buildings in the area where large amounts of space can still be leased, he says.

The term of the lease is 10 years. Neverauskas would not disclose the lease rate but said the average lease rates for the building are between $13 to $14 per sf net. The lease has annual escalations and “nothing out of the ordinary” for incentives such as tenant improvement dollars, he says.