Fred Ishler, Joseph Stevens and Dan Svachula, all with theChicago office of Transwestern, represented building ownerTranswestern Investment Co., in the lease transaction. JoeArnstein, with Studley, represented Fonterra. The company decidedto move its headquarters to this market because of the proximity toO'Hare International Airport, says Ishler, SVP with Transwestern.Additionally, the accessibility to Chicago will be better forrecruiting, he says.


The company will lease the majority of the seventh floor of thenine-story building. Fonterra is expected to move into the newspace in June, Ishler says. Eighty people are expected to work inthe office, he says.


The 238,696-sf building was constructed in 1989 and is part ofthe three-building 611,263-sf Columbia Centre complex. The complexalso includes the Sofitel Hotel and is near the Rosemont ConventionCenter. The asking lease rate for office space in the complex is$14 per sf, net, Ishler says. Columbia Centre III is 84% leased andthe three-building office complex is 70% leased, he says. Majortenants in the complex include Sprint, Rail Europe andAT&T.

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

  • 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

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