X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DEERFIELD, IL-The largest tenant at CarrAmerica Realty Corp.’s Parkway North has signed a renewal that expands its lease at the office complex to 215,000 sf. Fujisawa Healthcare, Inc. is merging with Yamanouchi Pharmaceutical Co., Ltd to form Astellas Pharma, Inc.

Fujisawa Healthcare already occupies space at 3 Parkway North. Although terms were not disclosed, CarrAmerica Realty is asking $14 per sf for the remaining 33,000 sf in the building.

Washington, DC-based CarrAmerica Realty owns 35% of the six-building, 80-acre office complex along the Tri-State Tollway, with York State Teachers’ Retirement System owning the remainder. Previously, the office complex that includes a Marriott Suites hotel lured Charter One Bank and Meridian Leasing as tenants.

CarrAmerica managing director for Chicago Jerry O’Malley handled negotiations for the joint venture while Scott Brandwein of CB Richard Ellis represented Fujisawa, which becomes one of Japan’s largest pharmaceutical companies as a result of the merger.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.