Although terms were not disclosed, the flex space had been onthe market at net lease rates ranging from $4.50 per sf to $11.50per sf. The three-story building is across the street from theREIT's Oakmont Corporate Centre, which offers a fitness center,deli, day care and conference facilities. Peter Adamo from CBRichard Ellis represented Duke Realty Corp. along with the REIT'svice president of leasing, Ryan O'Leary. Sven Sykes of Grubb &Ellis represented Follett Higher Education Group.
"We have had a high level of recent activity in the I-88submarket, and are looking forward to continued success in the newyear," says Duke Realty Corp. senior vice president SteveSchnur.
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