Search
 

Citigroup Finds Tenant with Embanet Sublease

ELK GROVE VILLAGE, IL-Embanet, a provider of online learning services, has signed to sublease most of a floor at 50 Northwest Point.

By Robert Carr | Updated on September 01, 2010

ELK GROVE VILLAGE, IL-Embanet is moving its US corporate headquarters from Schaumburg, IL to an 18,600-square-foot office here at 50 Northwest Point. The company, a provider of online learning services, is subleasing most of the fifth floor from Citigroup, which leases the six-story building from Franklin Street Properties Corp.

Terry Mostrom with Studley says that Citigroup vacated the top two floors. Mostrom, who represented the tenant, says his client got very attractive terms to move into a mostly-finished space in the 180,000-square-foot building. “This wasn’t geographically where the tenant wanted, but the physical layout is such that they could just walk into it.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.