Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DOWNERS GROVE, IL-For some tenants, the East-West Corridor is a land of opportunity despite a vacancy rate of nearly 20%. The Management Association of Illinois took advantage of current market conditions in signing a 13,360-sf lease at Executive Towers West III.

“By relocating from Broadview to the East/West Corridor, the Management Association was able to take advantage of current soft office market conditions,” says Julien J. Studley Inc. managing director Corey Chase. “As a result, the organization was able to upgrade from class-C space in an industrial park, to class-A space in an office park at a comparable rental rate.”

While terms were not disclosed, published net lease rates at Duke Realty Trust’s building at 1400 Opus Pl. start at $13.75 per sf.

Senior managing director Geoff Kasselman and associate Kevin Moore teamed with Chase to represent the 800-member not-for-profit employers’ association. Duke Realty Trust’s Ryan O’Leary handled negotiations for the Indianapolis-based REIT.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.