CHICAGO—Venta Airwasher, Inc. has justcompleted a lease with MB Real Estate to relocateits North American headquarters from northwest suburban MountProspect to a historic building at 300 N. Elizabeth St. inChicago's West Loop. The neighborhood has become famous forattracting high-tech corporate giants like Google,but beneath the radar, smaller companies like Venta are also movingin to increase their appeal to the modern workforce.

“They are expanding their sales team and wanted to be closer totheir growing employee base,” MB Real Estate assistant vicepresident Craig McCaw tells McCawrepresented the Germany-based international humidifier and airpurifier manufacturer in their search for a new headquarters. “Theydid not consider suburban properties.”

The building was bought by Sterling BayCos. last year as part of the Fulton West portfolio. Thedeveloper restored Venta's new 10,473 square-foot office into awell-lit, creative loft space. Several weeks ago, Sterlingannounced it was ready to take an abandoned section of the FultonWest portfolio and transform it into a speculative office building ofnine stories and 290,000 square feet.

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.