Quebecor is consolidating about 46,000 sf of offices inBensenville and Arlington Heights and some of the office employeesfrom warehouse space leased by Quebecor in Bolingbrook. Quebecorchose Tallgrass because it already leases space in Bolingbrook, andthe proximity to highways, Neverauskas says. Tallgrass is also oneof the few buildings in the area where large amounts of space canstill be leased, he says.

The term of the lease is 10 years. Neverauskas would notdisclose the lease rate but said the average lease rates for thebuilding are between $13 to $14 per sf net. The lease has annualescalations and "nothing out of the ordinary" for incentives suchas tenant improvement dollars, he says.

The building is currently 40% leased. "We have a couple otherleases that we are negotiating on that will probably bring it up toabout 70%," Neverauskas says. The 548,000-sf Tallgrass CorporateCenter sits on a 50-acre site and contains 374,000 sf of officespace, 128,000 sf of manufacturing space and an approximately46,000 sf of amenities. The first phase of Tallgrass CorporateCenter was developed in 1993 by Tellabs in order to accommodate itsresearch, development and manufacturing operations. BPG PropertiesLtd. acquired the property from Tellabs in August 2004 for about$10 million.