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itBeat.com, a recently launched business-to-business Web site for the $110 billion North American office imaging market, has relocated its headquarters to 27,000-sf offices at 1 S. Wacker Drive in the Loop, from north suburban Northbrook. itBeat.com offers information, online purchasing, customer support and proprietary Webware to help buyers, sellers and manufacturers of office equipment, such as copiers, printers and fax machines.

Besides linking dealers and buyers through an onlinereverse-bid sales system called EquiBid, itBeat.com provides users with information on office technology products, systems, applications and issues. In addition to a Web site, itBeat.com publishes itBeat magazine, targeted to end users of office and imaging technology.

“Not only have we outgrown our space in Northbrook, everything ishappening in the city,” says Mark L. Challenger, itBeat president and CEO. The lease represents roughly one full floor of1 S. Wacker, a 1.2 million-sf building dating from the early 1980s. Terms of the lease were not disclosed, but space in the building generally runs between $14 to $18 psf net.

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