Chicago & Midwest + Greater Chicagoland + Office | August 7, 2023

Glenstar Signs 12 New Tenants, Leases 154K-SF at Schaumburg Corporate Center

Chicago-based Glenstar Properties executed 12 office leases during the first half of 2023, totaling over 150,000 square feet at its Schaumburg Corporate Center, including 89,000 square feet of new leases and 65,000 square feet of renewals.

In June, Glenstar executed a lease with global banking firm Citigroup for 49,400 square feet spanning two floors at 1515 E. Woodfield. Tenant buildouts of the space are underway, and Citigroup will move there from its current Northwest suburban office location in January 2024. Additionally, Glenstar signed a lease in March with a data analytics company for 24,700 square feet. Nearly 125 employees will work in the space starting in November.

Saviski and Christian Domin, managing director of Glenstar, represented ownership in the Citigroup lease, while Gary Fazzio and James Otto of CBRE represented the tenant. For the lease to a data analytics company, Saviski represented ownership, and Fazzio and Paul Diederich of CBRE represented the tenant.

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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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