CHICAGO—Although Google and many other local high-tech companies have begun relocating to the CBD to attract younger workers, others have decided that the suburbs suits them fine. Net56, Inc., for example, a Chicago-area IT company, will soon move its offices from suburban Palatine to the Deer Park Office Center at 21805 West Field Parkway in Deer Park, near the border of Cook and Lake Counties.
“This business has been in their present location for a long time,” says Paul Diederich, a vice president of CBRE, who, along with Vice Chairman Todd Lippman, assisted Net56 in the relocation. Although Net56 wanted to keep some information confidential, such as the length of their new lease, the rental rate and the amount of space they will occupy, Diederich did say that “this is a much newer building and it's more up to their specifications with better fiber optics; it also gives employees a better office environment with better amenities.”
The new property, a three-story, class A office building with 75,213-square-feet, was constructed in 2007 as the second phase of the Deer Park Office Center. It is within walking distance of the Deer Park Town Center, a 386,000-square-foot lifestyle center home to about 70 restaurants and retailers. And the development also includes picnic areas, walking paths and natural landscapes, amenities the downtown usually can't provide.
“My take is that downtown works for different organizations,” says Diederich. “There are some companies that are ramping up hiring and want that demographic.” But for Net56, which serves educational institutions, government agencies, and small to mid-size businesses, “there is no driving force for them to work downtown.”
Diederich also feels that much of the hype surrounding the migration of high-tech companies from the suburbs to the downtown “is overblown. There's still an educated workforce in the suburbs that can support this type of company.”
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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.
