CHICAGO, January 23, 2016 – Cushman & Wakefield announced today that True Value Company has executed a 125,000-square-foot lease renewal at Presidents Plaza office complex in Chicago’s O’Hare submarket. The recommitment will maintain the hardware cooperative’s headquarters at 8600 W. Bryn Mawr Ave.
Cushman & Wakefield Executive Managing Directors Chris Wood and Scott Goldman represented True Value in the transaction. Glenstar Properties LLC, Owner and Manager of Presidents Plaza, was represented in-house by David Trumpy.
“We worked closely with True Value’s executive team to evaluate the suburban Chicago office market and assessed a number of options that could meet the needs of the company,” said Wood. “Ultimately, the decision to remain at Presidents Plaza provided True Value with the most favorable combination of economic benefits and facility enhancement options.”
Located in Chicago’s O’Hare submarket, Presidents Plaza comprises over 800,000 square feet of Class A office space in four interconnected towers. The complex is situated at the four-way interchange of Cumberland Ave. and Interstate 90, offering excellent highway access and visibility.
“We are pleased to have represented True Value in its lease renewal at Presidents Plaza, and are thrilled that the company’s presence and operations will remain here for years to come,” said Goldman. “The renewal demonstrates True Value’s ongoing commitment to Chicago.”
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Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.