CHICAGO-Two of the main tenants at the Near North Business Center at 2500 W. Bradley have renewed their leases at the flex park. Cable provider RCN has renewed 60,000 square feet and AlStyle Apparel has renewed 82,100 square feet, both mostly warehouse spaces.
The four-building, 500,000-square-foot complex was once the headquarters for Bodine Electric Co., a small motor manufacturer that has since moved its offices to Northfield, IL. Chicago-based Centrum Properties and Hansen Realty Inc. joined with New York City-based Angelo Gordon in December to buy up most of the complex for $6.5 million.
Now, the North Side complex is about 60% leased to various tenants. Rick Hansen, a principal at the self-named firm, tells GlobeSt.com that he’s negotiating with future tenants for another 200,000 square feet. “About 100,000 square feet will be industrial, and the other 100,000 square feet is for an office tenant,” he says. Warner Bros. is also a tenant, having taken over a space once occupied by Midway Gaming last year.
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