X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ROSEMONT, IL-Culligan International Co. is leasing 78,000 sf at Riverway West, 9399 W. Higgins Rd. The water treatment company will relocate its North American headquarters in Northbrook to the 260,992-sf building.

Culligan is expected to move into the new space in May, after the space is built out, says Steve Schnur, senior vice president of Duke’s Chicago Office Group. Additionally, a water filtration display will be constructed in the lower level. The 13,000-sf area, with 20-foot-high ceilings, will house the display for clients to view products. .

The business is moving from its current headquarters in Northbrook. Culligan has sold the 42-acre piece of property to GlenStar, Schnur says. The Northbrook location housed the North American headquarters and formally was used for manufacturing. “It was an outdated facility that they were still operating their offices out of,” he says.

Schnur says he cannot release the length of the long-term lease. The average rent for the Riverway office complex is $17 per sf net “and that is consistent with their lease,” he says. Duke is offering prominent building signage and the area for Culligan to construct the display. “They like the ability to put in a display area in the building,” Schnur says. “It is a unique area that we have that other buildings do not have.”

The Riverway West building is part of the three-building Riverway office complex, which is 99% occupied, Schnur says. When Duke purchased the property in 2005, the complex was about 78% leased. The corporation aggressively marketed the buildings and completed small improvements such as cleaning the windows and fixing the fountains in the courtyard, Schnur says. “They are not big things, but they are little things that a class A property should have,” he says.

Todd Lippman, James Whalen and Hank Cox, all of CB Richard Ellis, represented Culligan in the lease transaction. Duke vice president Ryan O’Leary represented Duke in the transaction.

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?

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.