Suburban Class A Fill Up
Author: Brian Rogal
CHICAGO—American Landmark Properties has just completed a long-term lease with Hyundai Motor America at its Two Trans Am Plaza located at 2 TransAm Plaza Dr. in suburban Oakbrook Terrace. Although the class A property started off the year with a lot of vacant space, much of that has been filled, another good example of what has happened in many suburban office markets during 2015.
Hyundai will occupy the top floor at Two TransAm Plaza and was represented by Jordan Rovito and Don Yahn of Cushman & Wakefield. Ownership was represented by Brian Silverman and Jason Shibata of JBS Commercial Real Estate.
JBSCRE was awarded the exclusive leasing assignment for the 118,000 square foot, 5-story class A office building at the beginning of 2015 when more than 50,000 square feet was vacant. But after the owners finished a major renovation of the main lobby, atrium, and restrooms, JBS was able to secure about 40,000 square feet in new lease transactions.