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
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
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.