(Save the date: RealShare Chicago comes to the Union League Club of Chicago October 23.)
ROSEMONT, IL-After a lot of consideration, the Big Ten decided it couldn't lease office in the struggling Chicago suburban office marekt. Instead, the country’s oldest Division athletic conference is building a new office building here in the MB Financial Park. The company is moving from its 25,000 square feet facility in Park Ridge, IL to a 50,000-square-foot building, which will also have a restaurant.
The conference looked at available lease space throughout the suburbs, or buying a building, Studley executive managing director Robert Sevim tells GlobeSt.com. He and managing director Jon Azulay represented the conference in the search of the office market, which is about 23% vacant. “We were looking at the options, trying to find the right type of buildings, but there just continues to be a lack of buildings the right size,” he says. “At the end of the day, they just decided the options weren’t that great.”
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