Search
 

Class A Renovations Continue in Suburbs

Several suburban submarkets don't have trouble attracting tenants.

chi-ChathamCentre_Dusk (2) Chatham Centre in Schaumburg is one of many properties in the submarket that is getting a new look.

CHICAGO—The suburban region may have a persistently high vacancy rate, but class A properties in towns like Schaumburg, Oak Brook and a few others, are seeing very strong demand for office space. And many landlords stand ready to upgrade such properties.

Officials from Chicago-based Core Acquisitions, a boutique commercial real estate investment, development and asset management company, say they will soon launch an extensive $7 million renovation and repositioning of Chatham Centre, a 10-story, 205,000 square foot class A office building in Schaumburg.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.