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Coworking Operator Establishes First Chicago-Area Location
Avison Young’s Fred Ishler and Paige Korte completed a full-floor, 23,704-square-foot lease transaction with emerging coworking operator Venture X at 1 Mid America Plaza in Oakbrook Terrace, IL. The duo negotiated the transaction on behalf of the Landlord, IPX Mid America Investors, LLC, an affiliate of Equus Capital Partners, Ltd.
Along with the property’s highly-amenitized package, Venture X said a draw was the convenient location following a trend already in motion of individuals and families moving to the near city suburbs.
“This migration is chasing more living space, privacy, and safety; and Oakbrook Terrace is a business-friendly town filled with potential corporate satellite space, as well as individuals not looking to make the timely and stressful commute everyday into downtown,” said Preston Reiff, a partner with Venture X based in Chicago.
Venture X has approximately 40 locations across the U.S. and this will be its first in the Chicago area.
- ◦Lease
