CHICAGO, IL-The Regus Group has just signed two new leases for a total of 38,000 SF of office space in and near downtown Chicago, and they have much more on the way.
“Our plan is to triple our Midwest footprint over the next few years,” said Paul Stekala, the group's regional director of real estate. The firm rents out office space in many countries to companies that don't want the headaches that come with managing property. “There are no upfront capital expenditures when you do a deal with Regus.”
Lately, Stekala has seen a far greater interest from many potential clients in offices not located in traditionally sleek, modern office towers. For example, one of the new leases, at 564 West Randolph, just west of Chicago's Loop, is in a building built in 1908 and has exposed brick and high ceilings in its offices. It was fully renovated last year and Regus will open its space this summer.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
