chi-SchaumburgTowers_Exterior (2) The two-tower complex was part of the former headquarters of Zurich North America until 2016, when it moved to a new $333 million headquarters nearby.

CHICAGO—American Landmark Properties continues to show a lot of interest in suburban properties. The Skokie, IL-based firm just acquired Schaumburg Towers, an 882,071-square-foot class A office property located at 1400 and 1450 American Ln. in Schaumburg, IL. It acquired the property from Retail Properties of America for an undisclosed amount.

The two-tower complex was part of the former headquarters of Zurich North America until 2016, when it moved to a new $333 million headquarters nearby. Since then, more than 400,000 square feet of new leases have been signed, including significant transactions with major tenants Paylocity, Great American Insurance and SwissRE.

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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.

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