The company also leased and made improvements to 11,500 squarefeet at Hamilton Partners' Deer Park Office Center, at thenortheast corner of Quentin Road and Lake Cook Road in Deer Park,IL.

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"These two new additions to FedEx's office portfolio deliverhigh-quality amenities and finishes in strategic locations thatincorporate the elements of nature to create optimal workenvironments," said Bob Harbour, president of Morgan/HarbourConstruction Company, which performed the interior improvements.Work on the offices included installation of teleconference rooms,necessary infrastructure and backup generators. The Jenkins Groupserved as architects on the project.

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The office space was chosen based on proximity to localinterstates, and a location within larger developments. FedEx'stwo-floor Buffalo Grove office, which will house more than 100employees, is located within a 500,000-square-foot development oftwo 12-story towers. The Deer Park location has opened within a90-acre campus that will eventually offer 900,000 square feet ofoffice space, found within the larger 230-acre Deer Park Trianglecommercial business district.

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Memphis, TN-based FedEx has already moved into both locations.Asking lease rates for office in the north suburban submarket arearound $27 per square foot, gross, according to Cushman &Wakefield market research. The research put the submarket's Q3occupancy rate around 85%. Cushman & Wakefield representedFedEx in its lease negotiations.

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