"Our number-one priority was acquiring space quickly because weneeded to be up-and-running in 30 days," says Kevin J. McLennan,SVP of Steinco Inc., which represented Heart in the lease. "Wefound an opportunity where there was furniture, phone systems and alot of infrastructure in place. The talent pool and access toemployees was ideal for these guys."

The building is currently 100% leased by Zurich FinancialServices, which McLennan says is attempting sublet almost all ofthat space. Citigroup subleased more than 100,000 square feet ofthat space, all of which it is now trying to sublet to anothertenant. Heart subleased its two floors in the building fromCitigroup.

"It shows you how bad the market is," McLennan tellsGlobeSt.com, of the Schaumburg submarket. "Zurich put 250,000square feet onto the sublease market, which is 1% of the totalmarket. The market is struggling horribly." Heart got the spacefrom Citigroup for $12 per square foot, gross, McLennan says.Citigroup was represented in the lease by Gregg Rauss with JonesLang LaSalle.

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