Woodfield Preserve Office Center, 10 N. Martingale Road, Schaumburg, IL Woodfield Preserve Office Center, 10 N. Martingale Road, Schaumburg, IL

CHICAGO, ILCBRE arranged a 36,215-square-foot lease renewal for Regus Office Center at Woodfield Preserve Office Center, 10 N. Martingale Road, Schaumburg, IL. Regus, one of the world's largest providers of flexible workspace, has been a tenant at Woodfield Preserve since 2000.

Bill Elwood and Rob Graham of CBRE represented the owner, Zeller Realty Group, in the transaction. Kellen Monti of Jones Lang LaSalle represented Regus.

Regus offers flexibility within the workspace environment for business occupiers of all sizes,” says Denise Rowe, area sales manager, Regus. “From startup business to large corporate clients, the Woodfield Preserve location has seen a continued trend of clients renewing long term due to the amenities at his location along with the tenured staff and amazing customer service. We anticipate continued growth and occupancy in 2019.”

Situated in a campus-like setting on 29 acres with views of the Ned Brown Forest Preserve, Woodfield Preserve connects the desire for a serene office setting with an abundance of amenities immediately surrounding the property, such as the Woodfield Mall and many dining options and hotels. Strategically located along I-290/I-355, the 650,000-square-foot property provides immediate access to the surrounding area, including Chicago O'Hare International Airport.

“We have seen a lot of great leasing momentum at the Woodfield Preserve, as new firms have decided to relocate here and long-term tenants are renewing for extended terms,” says CBRE's Elwood. “They are attracted to the significant amount of amenity upgrades and the top-tier location.”

ZRG has significantly transformed the property by upgrading finishes, adding spec suite spaces, and adding numerous amenities to both buildings at Woodfield Preserve. Both buildings boast a full set of amenities including fitness centers, game rooms, conference centers, wi-fi lounges, and full-service delis with catering services. The buildings are connected by an outdoor courtyard with pergolas and fire pits. Tenants participate in a variety of activities hosted by ZRG throughout the year such as community yoga classes, organic gardening classes, painting parties and various pop-up shops. Property management services for the building are provided by ZRG.

ZRG is committed to developing unique, community-oriented experiences within our buildings. Our focus is to offer amenities and programming that promotes tenant interactions and communal activity; to have an enjoyable environment beyond the four walls of a tenant's office space,” says Laura Stangle, vice president of asset management, Zeller Realty Group. “After 19 years of a successful relationship with Regus, we are honored they have chosen to remain an integral part of the community at Woodfield Preserve.”

|

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].