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Verizon, Regus Renew for 77,000 SF of Office

CHICAGO-The two-building Triangle Plaza is 96% leased, but will drop to 71% on April 1 when some subleased space becomes available.

By Gina Kenny | Updated on February 06, 2008

CHICAGO-Verizon Business Services has signed a lease renewal for 41,121 sf at 8750 W. Bryn Mawr Ave. and the Regus Group has signed a lease renewal for 36,438 sf at 8770 W. Bryn Mawr Ave. The two buildings, which total 631,445 sf, are collectively known as Triangle Plaza. The terms of the lease renewals were not disclosed but the Regus Group renewal is a long-term lease, says Howard Meyer, SVP with the John Buck Co.

Meyer represented Buck, which owns the building, in the lease transactions. Tim Hart and Greg Mika, both with Staubach Midwest LLC, represented Verizon and Baron Aldrine, David Justh and David Saad, all with CB Richard Ellis, represented Regus in the lease transactions. MCI, which merged with Verizon, became a tenant in the building in 1990, Meyer says. Regus has been a tenant since 1998.

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