Cole Taylor renews big Rosemont lease

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Cole Taylor Bank has renewed a 114,762-square-foot lease for its headquarters at Pointe O'Hare, 9550 W. Higgins Road in Rosemont, according to the bank's office broker, Jones Lang LaSalle Inc. It is the largest lease in the O'Hare submarket this year. Cole Taylor's lease was scheduled to expire at the end of September 2014, before the five-year extension was signed. The bank was represented by Managing Director Jeffrey Liljeberg and Executive Vice-president Eric Kunkel of Jones Lang. The building representatives were Jason Streepy and Linda Garske, senior vice-presidents for NAI Hiffman. The building has 278 of Cole Taylor's 640 employees, which includes commercial real estate, asset-based lending, customer service, operations and other back-office functions, a bank spokesman says. “This central location, along with our downtown commercial banking offices and local banking centers, gives us easy access to our clients and prospects throughout the Chicago area and, when combined with the recent consolidation and relocation of our mortgage company headquarters in Ann Arbor, Mich., positions the bank for growth,” Mark Hoppe, the bank's president and CEO, says in a statement.

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