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Chicago & Midwest  + Greater Chicagoland  + Office  |  November 11, 2021
The Reserve at Deer Park Deer Park IL
Paul Bubny
By: Paul Bubny

Teradyne Swaps Industrial Lab for Class A Office

Automatic test equipment designer and manufacturer Teradyne has leased a full floor of Class A office space at The Reserve at Deer Park, located at 21440 W. Lake Cook Rd. in Deer Park, IL. The company will occupy the entire sixth floor, totaling 42,696 of the building’s 351,425 square feet.  

JLL EVP Doug Sheehan, SVP Rick Benoy and VP Julie Koelzer led the deal on behalf of ownership, a joint venture between Arzan Wealth and 90 North Real Estate Partners. CBRE SVPs James Otto and Sam Badger represented Teradyne. 

Teradyne plans to move into The Reserve at Deer Park in June 2022. Its office layout will include a portion of unique lab components required for the company’s line of work, in addition to office space. This represents an upgrade from its previous location at a traditional industrial lab building in Buffalo Grove, IL. 

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Inside The Story

JLL's Sheehan

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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