The new 58,000-square-foot lease includes two penthouse floors of 110 North Wacker Drive, set to be Chicago's tallest office building delivered in 30 years.
The three Trexlertown leases expand the center's offerings and provide customers with a well-rounded shopping experience, says Metro Commercial's Valerie Pettine.
“The chance to own a site like One Geoffrey Way does not come around often,” says Jeffrey Babikian, a CBRE executive vice president. Originally built as a headquarters for American Cyanamid, Toys 'R' Us occupied the property for 16 years.
“This property required a specific buyer profile and we were pleased with the national investor interest,” says Michael D'Agostino of Kiser Group. “In addition to the buyer's focus on affordable housing, they saw opportunities to add value in the market rate units and the parking garage as well.”
Kern will oversee the company's asset management practices and play a lead role on transactions and development projects. Hill will be responsible for ICP's financial planning and accounting practices, as well as its relationships with lending institutions, investors and the financial community.
"Our employees and employment culture are the driving force behind our service-first philosophy and performance success, and Linda's leadership will be invaluable as we work to attract, develop and engage strong talent now and in the future,” says Bryn Mawr Bank president Frank Leto.
“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 Bill Elwood.
Listen to our exclusive audio interview with Tom Smith, co-founder of Truss about how the firm's technology platform offers full price transparency for tenants to compare coworking and traditional office space.