CRE Midwest

Colliers International represents leases in Chicago's Loop, Schaumburg

Colliers International represented Chicago Office Technology Group in a lease renewal in Chicago's Loop, Optimus Inc. in its relocation to the Wrigley Building, and Meltzer, Purtill & Stelle in its lease renewal in Schaumburg, Illinois.

Colliers International represented three leases- Chicago Office Technology Group in a lease renewal in Chicago's Loop, Optimus Inc. in its relocation to the Wrigley Building, and Meltzer, Purtill & Stelle in its lease renewal in Schaumburg, Illinois.

Chicago office technology group renews lease in central Loop

Thomas I. Volini and Sven Sykes, executive vice presidents with Colliers International’s Chicago-based Office Advisory Group, represented Chicago Office Technology Group (COTG) in a 16,534-square-foot long-term lease renewal at 1 E. Wacker Drive, Chicago. The building is owned by AmTrust Realty Corp.

One East Wacker Drive is a 41-story, 526,158-square-foot Class B office property located in Chicago’s Central Loop at Wacker Drive and State Street, just south of the Chicago River.  The property, also known as the “Kemper Building”, was previously owned by Kemper Insurance until it completed a sale-leaseback to AmTrust in 2013.

John Beason and Monica Moore of Jones Lang LaSalle represented ownership in this lease transaction.

Optimus signs 40,000-square-foot office lease for relocation to Wrigley Building

David J. Burden, SIOR, principal; and Thomas M. Berarducci, senior associate with Colliers International’s downtown Chicago office, represented Optimus Inc. in a 40,000-square-foot new long-term lease at The Wrigley Building, 410 N. Michigan Avenue, Chicago.

To accommodate its continuing growth, Optimus will be relocating this fall from 161 E. Grand Avenue, a 40,000-square-foot building it has owned and occupied since 2005. Optimus is now offering that property for sale through exclusive agents Brian T. Pohl, executive vice president; and Tyler R. Hague, associate of Colliers International.

Optimus will be occupying the 11th and 12th floors in The Wrigley Building’s North tower. The highly customized offices will feature open space and a newly built large spiral staircase joining the floors. It is being designed by interior architect Graham, Anderson.

Newmark Grubb Knight Frank’s Karin Kraai and Carrie Yohe of Zeller Realty represented building ownership.

Meltzer, Purtill & Stelle renews Schaumburg lease

Thomas I. Volini and Sven Sykes, executive vice presidents with Colliers International’s Chicago-based Office Advisory Group, represented law firm Meltzer, Purtill & Stelle LLC in a 12,266-square-foot long-term lease renewal at 1515 E. Woodfield Road, Schaumburg, Illinois. The firm will continue to lease space on the second floor, where it has been a tenant since 2000.  The building is owned by John Hancock Real Estate.

Originally constructed in 1986, 1515 E. Woodfield Road is a 308,692-square-foot office property located directly adjacent to Woodfield Mall.  The building is part of the three-building Schaumburg Corporate Center Complex.

Brent Jacob and Christine Choi of John Hancock Real Estate represented ownership in this lease transaction.