Rosenberg and Ed Brandt, a partner with Epic, represented thetenant in the lease transaction. The property owner, Oak Brook,IL-based Insite Real Estate Development, was self-represented byTed Praspolous and Dan Kostelny.


The tenant produces point-of-sale displays for product supplierssuch as Microsoft and Jim Beam. The company had been leasing spacein three separate facilities in Chicago and would have had toeither lease a fourth facility or consolidate into a largerbuilding, Rosenberg says. "It was becoming inefficient to operateout of two or three spaces and possibly a fourth," he says. Thecompany chose this building because of the location near itsheadquarters and "economics played a big part of it," he says.


The building is currently about 80% leased. The asking leaserate for the 794,620-sf building is $3.25 per sf, gross, Rosenbergsays.

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