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Chicago & Midwest  + North Side  + Office  | 

Glenstar Closes 100K SF in Office Leases Near O’Hare

Chicago-based Glenstar has executed three leases totaling 100,000 square feet at Presidents Plaza, a two-tower, 831,442-square-foot office complex at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport.

The lease agreements follow the October 2024 sale of the property to a joint venture of Glenstar and a private investor. In April, Glenstar signed a 40,000-square-foot office lease at Presidents Plaza with FM, a global commercial property insurance and loss prevention company that will relocate its regional office to Presidents Plaza from Park Ridge.

Glenstar also executed a 40,000-square-foot lease with Do It Best, the Fort Wayne, Indiana-based home improvement retailer that acquired True Value last year. In the third transaction, current tenant Meitheal Pharmaceuticals, a biopharmaceutical company, signed a 20,000-square-foot expansion lease that doubles its footprint to 40,000 square feet.

Presidents Plaza is centrally located at the four-way intersection of Cumberland Avenue and Interstate 90. The property is also surrounded by numerous retail, restaurant, entertainment and hospitality offerings.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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