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Suburban Class A Office Spaces Going Quickly

CHICAGO—Top trophy buildings like Two Pierce Place in suburban Itasca are near full occupancy.

By Brian J. Rogal | brianjrogal | | Updated on August 31, 2016

 

chi-pierce place (2) The distinctive profile makes Two Pierce Place one of the most prominent landmarks in the area.
CHICAGO— McDonalds’s recent decision to move from the suburbs to the West Loop garnered a lot of attention, and was just the latest of many similar announcements. But the top trophy buildings in the suburbs seem to be doing fine. Civiltech Engineering, Inc . has just signed a long-term, 20,439-square-foot lease at Two Pierce Place in Itasca, bringing the building’s occupancy to 97.5%. Newmark Grubb Knight Frank ‘s senior managing director Rob Lundin and managing director John Norris handled the transaction on behalf of the owner, Piedmont Office Realty Trust . “Using our resources and aggressive leasing efforts we were able to quickly backfill space with a high-quality tenant, and with zero downtime,” says Norris. “Civiltech Engineering, Inc. is a dynamic and growing company, which is a perfect fit for Two Pierce Place.” The second tallest building in Chicago’s suburbs, Two Pierce Place is a class A, 26-story, 485,566-square-foot office property. Built in 1991, its distinctive peaked profile makes it one of the most prominent landmarks in the area. Located just west of Chicago’s O’Hare International Airport , the property features an array of amenities including covered parking, food service, a state of the art fitness facility as well as on-site management. Piedmont plans to update to the property’s lobby and amenities. Civiltech currently leases space at 450 E. Devon Ave., also in Itasca, but company officials say relocating to Two Pierce Place would accommodate recent growth and upgrade their image. Tom Volini and Sven Sykes of Colliers International represented Civiltech.

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