Van Gelder, Diana Riekse, Michael Sessa and Jock Howland, allwith Staubach Co., represented Hallmark Services in the leasetransaction. Brian Whiting, with JF McKinney & Associates,represented building ownership, which is a joint venture betweenChicago-based M&J Wilkow and Minnetonka, MN-based CargillFinancial Services. The company is currently occupyingapproximately 100,000 sf at 75 Executive Dr. in Aurora.


Hallmark is already leasing 52,000 sf on a temporary basis,which will be part of the 256,766 sf, and will move into the newspace by the end of the year, Van Gelder says. The buildings,formerly occupied by Lucent Technologies Inc., had dualfiber-optics feeds, which was one of the reasons Hallmark chose thelocation in addition to "large efficient floor plates that arenearly 70,000 sf," Van Gelder says. Hallmark will have its callcenter at 1100 E. Warrenville Rd. and will have office space andtraining rooms at 1000 E. Warrenville Rd. A covered walkway willconnect the two buildings, she says.


The Naperville Woods complex, which has approximately 292,000sf, is more than 90% leased, Van Gelder says. The asking lease rateis $15.50 per sf, net for the buildings, which were constructed in1981. Hallmark received a "significant tenant improvementallowance, free rent and the ability to stagger occupancy," shesays. Other tenants in the complex include PayChex, the Universityof Illinois and KJWW Engineering. The venture acquired thebuildings in 2005 for $10 million, sources say.


Hallmark did research on where to relocate and had decided onremaining in the same area or moving to Plainfield as the best"demographics for the employees they were trying to draw," shesays. But, "There was not enough office space in that area orinfrastructure," Van Gelder says. The firm had narrowed its optionsto a build-to-suit facility that would be connected to theircurrent headquarters or leasing space at Naperville Woods, VanGelder tells Leasing space in Naperville will save thecompany $7 million as opposed to the build-to-suit option.

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