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The lead tenants are now moving into two Chicago suburban Class-A office buildings — the Rosemont Corporate Center and Delta Dental buildings — developed by Ryan Companies.

The lead tenants are in varying stages of occupying their spaces in buildings in Rosemont and Naperville, Ill., that were developed and constructed by Ryan Companies’ Midwest Division, which is headquartered in Naperville, Ill. Rosemont Corporate Center and 111 Shuman Boulevard are the first Class A office buildings to come on line in the O’Hare and East-West Corridor markets since November 2008 and October 2008, respectively.

In addition to its role developing and constructing these buildings, Ryan is the property manager for both buildings.

In June, Cisco Systems will move into Rosemont Corporate Center where it will occupy 82,000 square feet of space in the four-story, 119,000-square-foot office building. The joint venture project between Ryan Companies and The Harp Group is 85-percent leased. According to the first quarter 2010 Office Market Study by Colliers Bennett & Kahnweiler, the overall occupancy rate in that market is 25 percent.

In addition to Cisco Systems, Skyline Advanced Technology Services will occupy 7,000 square feet. The Harp Group/Portfolio Hotels & Resorts already occupies 10,000 square feet. With these tenants in place, about 19,000 square feet of space will remain available. According to Colliers Bennett & Kahnweiler, that space, located on the fourth floor of the building, could be expanded to 30,000 square feet.

The building at 111 Shuman Boulevard has been completed and Delta Dental of Illinois has moved into its space.  The 85,000-square-foot building was designed and constructed by Ryan.

Delta Dental now occupies 65,000 square feet of space in the four-story building after relocating from about 43,000 square feet of space in its former offices in neighboring Lisle, Ill.  Ryan Companies is leasing the remaining about 20,000 square feet of space in the building and will relocate to the space in November of 2010.

Tags | Chicago, Illinois, Naperville, Office, Rosemont, Ryan Companies

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