Office Midwest

Portland, Ore.-based firm to relocate to Chicago

Portland, Ore.-based steelmaker Evraz Inc. NA has signed a 34,000-square-foot lease to relocate its North American headquarters from Portland to the Aon Center at 200 East Randolph in Chicago.

Portland, Ore.-based steelmaker Evraz Inc. NA has signed a 34,000-square-foot lease to relocate its North American headquarters from Portland to the Aon Center at 200 East Randolph in Chicago.

The North American subsidiary of global steel company Evraz Group S.A. expects to employ more than 70-80 professionals and will take occupancy of the new space on the 78th floor of the building in late June with the transition completed by the end of 2011.

Robert Reaumond and Paul Reaumond of CB Richard Ellis represented Evraz in the transaction.  Steve Smith and Michael Curran of Jones Lang LaSalle represented the building owner.

According to a press release issued by Evraz, the headquarters relocation is part of their ongoing work to transform the North American organization to be more customer focused.  Evraz evaluated Denver, CO and Wilmington, DE in addition to Chicago, but Evraz ultimately selected Chicago primarily for its logistical advantages, which will provide easier access to customers, manufacturing operations and its employees across North America.

Lincolnshire sale

In a separate transaction, CB Richard Ellis’ Keith Puritz, Brett Kroner, Ryan Bain and Zach Graham were the sole brokers in the sale of 550 Bond Street, Lincolnshire, Ill.  Bond Street LLC sold the 75,703-square-foot industrial warehouse building to Interior Investments, LLC for an undisclosed price.  Asking price was $4.4 million.

A corporate headquarters facility located in Lincolnshire Business Center, 550 Bond Street is situated on 4.3 acres and includes 10,183 square feet of office space, 3 interior loading docks and heavy parking.