X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SKOKIE, IL-Plenty of space remains available at Concourse Office Plaza in the wake of main tenant Anixter International Inc.’s relocation to the Prairie Glen Corporate Campus in Glenview. However, new owner Podco Concourse LLC has signed new leases and renewals adding up to 52,941 sf.

Anixter’s relocation dropped occupancy at the 293,280-sf two-tower complex at 4709-11 W. Golf Rd. to 55%. “Concourse Office Plaza in not a traditional big tenant building,” says Podolsky Northstar Realty Partners principal Randy D. Podolsky, whose company represented the limited liability corporation that paid $18 million for the asset earlier this year.

Thomson Media renewed a lease for 23,106 sf; Sure Payroll signed a new lease for 11,547 sf; Chicago Chapter of Hadassah took 4,467 sf in a new lease; Riken of America renewed a 2,977-sf lease; Fagman Eye Associates signed a 2,575-sf new lease; and Dr. Neil R. Friedman signed a new 2,192-sf lease.

Podolsky says the new deals are a sign the market is responding to an improvement program following the acquisition from Lincoln Property Co. Lobbies and common areas, landscaping and signage were among the issues addressed.

Ed Barnett of Paine/Wetzel represented Thomson Media, a tenant at Concourse Office Plaza since 1990. Peter Livaditis and Peter Beatrice, both of Trammell Crow, represented SurePayroll. Ira Perlman of Jupiter Brokerage Services represented Chicago Chapter of Hadassah in its relocation from Downtown Chicago. Ray Okigawa of Tri-Star Associates represented Riken of America. Bill Debb of GVA Williams represented Fagman Eye Associates. Bob Footlik from Barron Realty represented Dr. Neil R. Friedman

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

GlobeSt

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.