Suburban Moves Becoming More Common

CHICAGO—GCG Financial and Coldwell Banker both recently signed long-term leases for office spaces at 3 Parkway North Blvd. in suburban Deerfield’s Parkway North Center. The deals are yet another sign that the economic recovery is encouraging suburban office users to upgrade their space, especially if they can secure the modern amenities that employees increasingly expect.

GCG anticipates future growth and will leave its 31,544-square-foot national headquarters in nearby Bannockburn and relocate into 36,810-square-feet at 3 Parkway North. And Coldwell has decided to move both its home office in Chicago and its NRT central region headquarters from suburban Northbrook to 25,446-square-feet at 3 Parkway North. Both plan to relocate during the first quarter of 2015.