CHICAGO, IL—CBRE arranged a 36,215-square-foot lease renewal for Regus Office Center at Woodfield Preserve Office Center, 10 N. Martingale Road, Schaumburg, IL. Regus, one of the world’s largest providers of flexible workspace, has been a tenant at Woodfield Preserve since 2000.
Bill Elwood and Rob Graham of CBRE represented the owner, Zeller Realty Group, in the transaction. Kellen Monti of Jones Lang LaSalle represented Regus.
“Regus offers flexibility within the workspace environment for business occupiers of all sizes,” says Denise Rowe, area sales manager, Regus. “From startup business to large corporate clients, the Woodfield Preserve location has seen a continued trend of clients renewing long term due to the amenities at his location along with the tenured staff and amazing customer service. We anticipate continued growth and occupancy in 2019.”
Situated in a campus-like setting on 29 acres with views of the Ned Brown Forest Preserve, Woodfield Preserve connects the desire for a serene office setting with an abundance of amenities immediately surrounding the property, such as the Woodfield Mall and many dining options and hotels. Strategically located along I-290/I-355, the 650,000-square-foot property provides immediate access to the surrounding area, including Chicago O’Hare International Airport.
“We have seen a lot of great leasing momentum at the Woodfield Preserve, as new firms have decided to relocate here and long-term tenants are renewing for extended terms,” says CBRE’s Elwood. “They are attracted to the significant amount of amenity upgrades and the top-tier location.”
ZRG has significantly transformed the property by upgrading finishes, adding spec suite spaces, and adding numerous amenities to both buildings at Woodfield Preserve. Both buildings boast a full set of amenities including fitness centers, game rooms, conference centers, wi-fi lounges, and full-service delis with catering services. The buildings are connected by an outdoor courtyard with pergolas and fire pits. Tenants participate in a variety of activities hosted by ZRG throughout the year such as community yoga classes, organic gardening classes, painting parties and various pop-up shops. Property management services for the building are provided by ZRG.
“ZRG is committed to developing unique, community-oriented experiences within our buildings. Our focus is to offer amenities and programming that promotes tenant interactions and communal activity; to have an enjoyable environment beyond the four walls of a tenant’s office space,” says Laura Stangle, vice president of asset management, Zeller Realty Group. “After 19 years of a successful relationship with Regus, we are honored they have chosen to remain an integral part of the community at Woodfield Preserve.”