SPRINGFIELD, IL-Opus North Corp., based in Rosemont, has begun construction on a 115,000-sf office building for AIG American General at the intersection of Hollis Drive and Robbins Road in Southwest Plaza. The three-story building, which will be on more than 7.5 acres, will be a service center for the company and is expected to be completed in spring 2008. The building was designed by Opus Architects & Engineers. Hellmuth, Obata and Kassabaum is the architect and designer for the interior spaces. Grady Hamilton, real estate director for Opus North, said he could not disclose the cost of the project.

AIG will have a 10-year lease for the building. The lease rate is comparable to other lease rates in the area, which range between $11 per sf, net to $14 per sf, net with average lease rates in Southwest Plaza ranging from $12 per sf, net to $14 per sf, net, says Mike Nardini, vice president with CB Richard Ellis. AIG will receive some state tax incentives, such as tax breaks, for remaining in the state and in Springfield, Nardini says.

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