The Globe St Deal Wrap

As seen in Globe St SCHAUMBURG, IL- KBS Real Estate Investment Trust, based in Newport Beach, CA, has finalized two lease agreements for 32,207 square feet at its Woodfield Preserve Office Center complex here. KBS acquired the 647,216-square-foot property in 2007. Hitachi High Technologies America, a developer of electron microscopy solutions, renewed its 26,595-square-foot lease on the fifth floor of Woodfield Preserve I. Chad Freese and Victor Toft with CBRE in Chicago represented Hitachi in the transaction. Nippon Life Insurance of America, a subsidiary of Japan-based Nippon Life Insurance Co., signed a new lease for 5,612 square feet at Woodfield Preserve II. Nippon Life was represented by Dan O’Neill with NAI Hiffman and Tak O’Hara with White Cube. Mark Smith, Rob Graham and Allison Reynolds with CBRE’s Schaumburg’s office represented KBS in the two transactions.

WHEELING, IL- Ellen Steinbrecher and CJ Kuehl, both principals with Lee & Associates of Illinois LLC represented National Louis University in its lease of 11,199 square feet of office space in the Capitol Commerce Center here. Jason Streepy with NAI Hiffman represented building ownership in the transaction.

ROMEOVILLE, IL- Distribution 2000 Inc., a third-party public warehouse and distribution firm offering food grade storage, has leased 236,000 square feet at 1165 Crossroads Parkway here. The new lease is a relocation and consolidation from two locations, with an increase in total square footage by 61,000 square feet. Sally Macoicz, a senior director with Cushman & Wakefield of Illinois Inc., represented the tenant in the five-year lease. Dan Leahy and Adam Roth with NAI Hiffman represented the landlord, TA Associates. The 471,500-square-foot industrial warehouse building was built in 2004.

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