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Transwestern to Lease 179K in Rosemont

CHICAGO—The O'Hare submarket still has a high vacancy rate, but velocity has picked up.

By Brian J. Rogal | Updated on July 02, 2013

CHICAGO—Crossroads Development Partners has just chosen Transwestern as their exclusive leasing agent for 6400 Shafer Court, a class A office building in suburban Rosemont near O’Hare International Airport. The office market in the area has been struggling for a few years, but Crossroads has made a bet that Transwestern can cut the seven-story, 179,000-square-foot building’s 29% vacancy rate.

“It definitely has some vacancies that we’re trying to fill,” says Zach Fox, a member of the Transwestern leasing team for 6400 Shafer, which also includes Joe Stevens and Fred Ishler. But the building, which was built in 1980, “is in excellent condition, offers above-market amenities and has strong ownership.” And one of the largest open spaces, a 17,000-square-foot office on the second floor, has only been vacant for a couple of months.

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