Two Major Tenants Sign Leases in Naperville Woods Office Center.CHICAGO -- M & J Wilkow, Ltd., a Chicago-based commercial real estate investment firm, announced that it has signed 84,563 square feet in two new leases at the Naperville Woods Office Center at 1100 Warrenville Road in Naperville, Ill. Brian Whiting and Dru Schoemaker of J.F. McKinney & Associates represented the owners, M&J Wilkow Ltd. and CarVal Investors. The Naperville Woods Office Center is a newly renovated two-building complex that was originally part of the Lucent campus located in the far west suburban Chicago area. A new tenant, Hallmark Services Corporation, a subsidiary of the parent of Blue Cross & Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of Illinois, has leased 52,358 square feet in the 1000 Warrenville Road building. Handling the transaction were brokers John G. Howland, Andrea Van Gelder and Diana Riekse from The Staubach Company. In addition, U.S. Bank National Corporation recently leased 32,200 square feet in the same building. Handling the transaction were brokers Marilyn Lissner, Susan Rosen, Alex Smite smite v. smote , smit·ten or smote, smit·ing, smites v.tr. 1. a. To inflict a heavy blow on, with or as if with the hand, a tool, or a weapon. b. and Steve Vander Klok from Cushman and Wakefield of Illinois. "We are pleased to welcome these major tenants to the Naperville Woods Office Center complex," said John Wiechart, Senior Vice President of M & J Wilkow, Ltd. "Working with the architects and marketing consultants, we were able to redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. the property to create a new large-user office campus with an excellent parking ratio and a broad array of amenities." Formerly occupied by Lucent Technologies, the four-story, two building complex - located at 1000 and 1100 Warrenville Road - contains approximately 500,000 feet of office space. It recently underwent a multi-million dollar exterior and interior renovation. Less than 30 minutes southwest of O'Hare International Airport O'Hare International Airport is an airport located in Chicago, Illinois, United States, 17 miles (27 km) northwest of the Chicago Loop. It is the largest hub of United Airlines (whose headquarters is in downtown Chicago) and the second-largest hub of American Airlines (after and approximately 30 minutes west of downtown Chicago, the property is well located adjacent to a high-traffic, four-way interchange near Interstate 88 and Naperville Road in suburban Naperville. About M & J Wilkow, Ltd. M & J Wilkow, Ltd. is headquartered in Chicago and has been involved in the business of redeveloping commercial real estate in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. since 1939. A full-service real estate firm that manages, sells, leases and invests in real estate for its own account, as well as for third parties, M & J Wilkow is currently responsible for the asset and/or property management of more than 7,800,000 square feet of office and retail properties throughout the United States. About CarVal Investors CarVal Investors is a global leader in opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik) 1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances. 2. value investing Value Investing The strategy of selecting stocks that trade for less than their intrinsic value. Value investors actively seek stocks of companies with sound financial statements that they believe the market has undervalued. , including real estate, loan portfolios and corporate securities. Founded in 1987, CarVal Investors - formerly Cargill Value Investment -- has acquired more than $15 billion in assets in 2,500 transactions. The firm has been a first mover mover /mov·er/ (moo´ver) that which produces motion. prime mover a muscle that acts directly to bring about a desired movement. or early entrant en·trant n. One that enters, especially one that enters a competition. [French, from present participle of entrer, to enter, from Old French; see enter. across the globe, having invested in 35 countries. Today, CarVal Investors manages over $8 billion in assets. More information is available at www.carvalinvestors.com. |
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