Komatsu Renews at Continental Towers

CHICAGO—GlenStar Properties LLC and Walton Street Capital LLC have taken another step in their efforts to stabilize Continental Towers, an office property in suburban Rolling Meadows that was struggling when the partners bought it in 2013. Komatsu America Corp. has just renewed its 105,437-square-foot lease at the 911,341-square-foot, three-tower office complex.

Located within Continental Tower I at 1701 Golf Rd., the company is the US subsidiary of Komatsu Ltd., the world’s second largest manufacturer and supplier of earth-moving equipment. The Rolling Meadows location functions as its US headquarters. Michael Hull, a senior vice president of MB Real Estate, represented Komatsu in the transaction. Dave Trumpy of GlenStar Properties represented ownership.