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BOLINGBROOK, IL-Chicago Bridge & Iron Co., with its worldwide administrative offices in the Woodlands, TX, has signed a lease for 60,000 sf at Tallgrass Corporate Center, 1000 Remington Blvd. The firm provides engineering, design, procurement and construction services to clients in the energy and natural resources industries. The term of the lease is just more than 10 years, says Joseph Neverauskas, SVP of BPG Properties Ltd. An affiliate of BPG owns the center.

The tenant is relocating from 14105 S. Route 59, in Plainfield. Neverauskas said that he did not know how much space the company is occupying in Plainfield, but that the move is an expansion for them. The company could not expand at its current location and “there was not other space in the market that fit their needs,” Neverauskas says. Francis Prock and Dave Florent, with Colliers Bennett & Kahnweiler Inc., represented BPG. Scott Wegmann and Justin Leighton, with Cushman & Wakefield of Texas, represented Chicago Bridge.

The owner is renovating 130,000 sf of manufacturing at the center into office, with 60,000 sf of the newly renovated space to be occupied by Chicago Bridge. The cost of renovating the space is approximately $13 million. Renovations include expanding the window line, installing sky lighting, creating a new main entrance and expanding the parking. Amenities at the center include a fitness center, full-service cafeteria, conference facilities and a walking path, he says.

The 548,000-sf Tallgrass Corporate Center sits on a 53-acre site. The first phase of Tallgrass Corporate Center was developed in 1993 by Tellabs in order to accommodate its research, development and manufacturing operations. An affiliate of BPG acquired the property from Tellabs in August 2004 for about $10 million. The building was vacant when acquired by BPG. Tallgrass Corporate Center is now 80% occupied, he says. Quebecor World Logistics Inc. signed a 10-year lease for 69,484 sf in March, as previously reported by GlobeSt.com. Other tenants include Provena Health, Adventist Midwest Health, Ulta Beauty and Patterson Medical. The asking lease rate for the building is $16 per sf net, Neverauskas says.

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