Upcoming Stories
Chicago & Midwest CRE News In Your Inbox .

Chicago & Midwest   /   March 5, 2020

Paul Bubny
By: Paul Bubny

MISUMI Expands in Relocation to 1475 E. Woodfield

NKF completed a 47,716-square-foot lease on behalf of MISUMI USA at 1475 E. Woodfield (Schaumburg Corporate Center) in Schaumburg, IL. The new lease represents an expansion as well as a relocation from 1717 Penny Ln.in Schaumburg, where MISUMI leased 32,000 square feet.

Paul Buckingham, Brian Reaney and Matt Frazee of NKF represented MISUMI USA in the transaction. Glenstar’s Dave Trumpy and Bill Saviski advised building ownership in the transaction.

“More and more tenants in the suburban markets are finding value in buildings’ existing conditions, or value engineering tenant improvement packages to further offset relocation and other capital costs,” said Buckingham. “As construction costs increase, we see this trend continuing.”

Located adjacent to Woodfield Mall, Schaumburg Corporate Center is a one-million-square-foot, three-building, Class A office complex. Glenstar, which acquired the asset in 2017, has since completed a $30 million redevelopment.

span class=”connect-button”> Connect With GlenStar

Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

New call-to-action
New call-to-action
New call-to-action
© ConnectCRE 2021 / 515 S Figueroa St., Suite 350, Los Angeles, CA 90071.
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release /