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SCHAUMBURG, IL-Pfizer Inc. is shedding operations in the north suburbs, but the pharmaceutical company is expanding the space it occupies at Hines Interest’s 425 Martingale Dr. for the second time in two years. The company increased its lease to 40,000 sf when it acquired Warner Lambert, and is adding another 20,000 sf in the Woodfield Corporate Center partly as a result of its acquisition of Pharmacia.

While lease terms were not disclosed, published net lease rates at the building are $17 per sf, which would result in $1 million a year in rent payments. The deal also is one of the largest in a Northwest suburban submarket, where direct vacancy stands at 30%, according to US Equities Realty research.

Two Staubach Co. principals, Chicago-based Eric Kunkel and New York-based Martin Horner, represented Pfizer Inc. in its negotiations on the expansion and extension. Tom D’Arcy and Brad Soderwald of Hines Interests handled negotiations for their company.

Hines Interests will have to move some tenants to accommodate Pfizer Inc.’s new deal.

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