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Chicago & Midwest  + Greater Chicagoland  + Office  | 

MISUMI Expands in Relocation to 1475 E. Woodfield

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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