Middough had been leasing space for the past seven years on three non-contiguous floors at 999 Oakmont Plaza Dr., Westmont. The firm would not have been able to expand to contiguous floors and also would not have been able to expand into as much space as the firm is at Oak Brook Pointe, says Robert Sevim, corporate managing director for Studley. Sevim, Terry Mostrom and Jon Azulay, all with Studley, represented Middough in the lease transaction. Jeff Mann, SVP with CB Richard Ellis, represented building owner Principal Financial Group.

The firm chose Oak Brook Pointe because of Oak Brook's central location, the large floor plates and the image, Sevim says. Middough expects that the location will help the firm retain employees as well as recruit employees, he says. The 214,065-sf building, which was constructed in 2000, is 85% leased, Mann says. Major tenants in the building include CBRE and Regus, which each lease about a half of a floor. Floor plates are about 44,000 sf, Sevim says. The asking lease rate is $19.50 per sf net, Mann says.