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DEERFIELD-Automatic Data Processing, an independent computing service firm, has consolidated its north suburban Chicago operations into one location with the lease of almost 64,100 sf at 1419 Lake Cook Rd., Deerfield. ADP previously subleased about 70,000 sf within the Lake Cook Office Plaza complex. While it considered other locations, it ultimately elected to remain in the complex and sign a direct lease. With this transaction, the particular building becomes 97% leased.

Steve Kling and Francis Prock, SVPs at Grubb & Ellis, represented Cornerstone Real Estate Advisors, building ownership. Rand Diamond and David Trumpy of GVA Williams represented the tenant.

“ADP will benefit from operational efficiencies that come with having its local operation under one roof, in one location,” Diamond says.

Although lease terms were not revealed, suburban class A space now rents for $16 per sf to $25 per sf, according to U.S. Equities Realty’s third-quarter report, which would likely make the deal worth $1 million to $1.6 million per year.

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