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Glenstar Announces 284K SF of Office Leases in Schaumburg
Chicago-based Glenstar announced it executed 196,000 square feet of new leases for 12 tenants and 88,000 square feet of renewals in 2024 at Schaumburg Corporate Center. Owned by Affinius Capital, the three-building, one million-square-foot office complex is located at 1475, 1501 and 1515 E. Woodfield Road at the corner of Meacham and Higgins roads in Schaumburg, Illinois.
“We are now above pre-pandemic occupancy levels at Schaumburg Corporate Center, which is performing far better than its competitors,” said Michael Klein, principal of Glenstar. In November, Glenstar executed a lease with a media company for 61,295 square feet spanning three floors. The media company is relocating its regional headquarters from Oak Brook, Ill., and will be Schaumburg Corporate Center’s largest tenant when it moves in April 2025 following tenant buildouts.
Other 2024 new leases at the office complex include a manufacturing company that signed for 36,000 square feet and a pharmaceutical company that took 25,000 square feet of space. The remaining nine new tenants leased office space ranging from 1,200 to 9,500 square feet.
