Thursday, February 18, 2010

Grubb & Ellis Realty Investors Secures 62,399-SF Lease Renewal at Darien Business Center in Chicago Suburb


DARIEN, IL– Grubb & Ellis Realty Investors LLC  has secured a 62,399-square-foot lease renewal with the University of Chicago Medical Center  (top left photo) at 7955 and 8205 S. Cass Ave. in Darien Business Center.

“The Chicago suburbs have experienced tremendous levels of negative absorption in the past two years,” said Bob Assoian, senior vice president, Asset Management.

 “Considering these headwinds, this lease renewal speaks volumes about the quality of Darien Business Center, the local property management team and our leasing brokers.”

Located just minutes from Interstates 55, 355, 294 and Route 83, Darien Business Center is a 175,969-square-foot office complex in metropolitan Chicago’s I-55 Corridor submarket.

The park currently has roughly 25,000 square feet available for lease, including some built-out suites that feature private restrooms, kitchens, a mix of offices and open area and excellent window lines.

The buildings offer ample parking and easy access to a number of amenities in the area, including retail, restaurants, hotels and business services.

Jason Streepy (middle left photo)  and Linda Garske,(bottom left photo)  senior vice presidents with Grubb & Ellis Company, negotiated the agreement on behalf of Grubb & Ellis Realty Investors. Andrew Davidson and Jay Beadle of MB Real Estate represented the University of Chicago Medical Center.

Contact: Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com

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