Lease Brings Building Owned by Ryan Companies to 93% Leased
Naperville, Ill. (November 18, 2011)—Northwestern College, formerly known as Northwestern Business College, has completed a lease for 10,494 square feet of space at the Rosemont Corporate Center in Rosemont, Ill. Tim Hennelly, president, Great Lakes region of RyanCompanies US, Inc., the building's owner, announced the transaction.
Colliers International is the exclusive leasing agent for the Class A office building. CR Daccord Inc. represented the tenant in lease negotiations. Ryan Companies manages the building.
In signing a lease for space at Rosemont Corporate Center, Northwestern College will relocate its administrative offices fromthe Orchard Point office building, also located in Rosemont.It will occupy space on the building’s fourth floor.
Northwestern College is an accredited college offering degree programs in healthcare, nursing, business and legal services. The College, which was established in 1902, has campus locations on Chicago's northwest side and in Bridgeview and Naperville.
Rosemont Corporate Center was developed in 2009 by Ryan Companies US, Inc. and is a four-story, 120,000-square-foot, LEED Gold-certified, Class A office building located at 9501 Technology Blvd. in Rosemont. Cisco Systems is a primary tenant of the building occupying approximately 82,000 square feet of space.The building is located on a three-acre site between River Road and Interstate294. The site is immediately west of the InterContinental Chicago O’Hare Hotel, a 12-story, 556-room, full-service luxury hotel.
"It remains a challenging leasing market in the suburbs, including in the O'Hare market," said Hennelly. "Yet there are few alternatives for tenants looking for a Class A, LEED-certified building the quality of Rosemont Corporate Center. We are pleased to add to our tenant roster."
With this lease, Rosemont Corporate Center is 93 percent leased. Colliers is marketing the last raw space totaling about approximately 8,500 squarefeet. That space could be combined with an adjacent space to accommodate a user needing approximately 19,000 square feet.
Francis Prock and Steve Kling, both principals with Colliers International, represented Ryan Companies in the transaction. David Ariola and Chris Hill of CR Daccord Inc. represented the tenant.
According to Prock, Rosemont Corporate Center is an ideal building for those tenants with a requirement that includes being in a LEED-certified building.
“Rosemont Corporate Center is the building in the O’Hare market to serve companies with space requirements that include occupancy in a sustainable environment,” said Prock. “That and the fact it is the newest building in the market and has above-standard infrastructure combine together to provide a great competitive advantage.”
The construction division of Ryan Companies will buildout the Northwestern College space at Rosemont Corporate Center. Ryan’s other recent interior construction projects for college/university-related entities in Chicagoland include the 60,000-square-foot space for Rasmussen, Inc., in Oak Brook, Ill., and 105,600 square feet of space for Loyola University Health System in Burr Ridge, Ill.
About Ryan Companies US, Inc.
Ryan Companies US, Inc. is a national builder, designer, developer and real estate manager specializing in fully integrated solutions for more than 70 years. With a mission to build lasting relationships, Ryan delivers full-service customized solutions based on industry expertise and total collaboration — pairing customers’ expectations with a specialized team of constructors, architects, engineers, developers, property managers and financiers. In its first 12 years of operation, Ryan’s Great Lakes region has completed more than $1 billion in projects for customers such as Deere & Company, Isle of Capri, Target Corporation, Dominick’s, C.H. Robinson, Froedtert Health, Cisco Systems, Hitachi, Iron Mountain and Kraft/Cadbury. Ryan serves customers throughout the United States with offices in the Midwest, Southwest, Great Lakes and Southeast regions. For more information, visit www.ryancompanies.com.