As e-commerce and last mile logistics tenants continue to fuel a massive industrial space expansion, the location of Steelcase's buildings, access to employment and highways were big factors in choosing a site.
The company's growth in the past year and the tight office market in Evanston made expansion difficult in that market. The move consolidates Opex Analytics' operations under one roof, company officials explain.
Political leaders say proposed regulations are aimed at protecting tenants and affordable housing, while some landlord reps assert the proposals will hurt the marketplace.
The largest recent transaction was with Silversmith Capital Partners, which signed a 26,000-square-foot lease at the 272,000-square-foot office building.
Due to Cytracom's rapid growth and plans to increase its workforce by 30%, it is tripling its space at AllenPlace I, which will soon span 11,870 square feet.