Oak Brook, IL-based Harp completed its development earlier thisyear of the 12-story, 556-room Intercontinental Chicago O'HareHotel. The Rosemont Corporate Center's three-acre site, bounded byBalmoral Avenue, River Road and Interstate 294, is directly west ofthe new hotel.

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"Harp always had its eye on doing something at this site, andthe village was happy with what Harp did at the Intercontinental,"Tim Hennelly, Ryan's VP of development, tells GlobeSt.com. "ButHarp is more a hotel developer, and Ryan came in to offer ourexpertise as office developers. We got involved and helped Harpfinish the deal."

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The four-story development will meet the criteria for LEEDcertification, Hennelly says, expected to make the building thefirst LEED Silver Certified building in Rosemont. The building willoffer green features including an Under Floor Air Distributionsystem, energy-efficient mechanical and electrical systems, andwater conservation plumbing features. "It's been a big strategicpush for Ryan to get into LEED-certified developments," Hennellysays.

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Cisco currently occupies about 40,000 square feet in the nearbyO'Hare Plaza on Higgins Road, Hennelly says. The new lease willcommence following the building's completion in the first half of2010. "Cisco likes the amenities and being next door to theIntercontinental," Hennelly says. "They always wanted to stay inthe O'Hare submarket, and that's how they came to thisproperty."

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Harp will lease another 8,500 square feet in the building. Theremaining 30,000 square feet will be marketed by Dan Hession, SVPwith Harp. Hennelly says they have already seen interest in theremaining space, for which asking lease rates are around $20 persquare foot, net. The building was designed by Wright HeeremaArchitects.

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Rosemont Corporate Center will be Ryan's first officedevelopment in the Chicago area. "Ryan is known nationally as anoffice developer, but we are not known as that here in Chicago,"Hennelly says. "It's been one of our goals to change that. Thisseemed like the perfect way to get our first project off theground."

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Hennelly says the development also seemed a good move for Ryangiven its location in the historically-sound O'Hare submarket."It's soft all around the Chicago markets," Hennelly says."Vacancies have gone up here too, but O'Hare has always been one ofthe strongest submarkets and will continue to be."

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