CHICAGO, July 6, 2016 – Cushman & Wakefield has announced that DuPage Montessori School, a private non-profit educational institution, has signed a new long-term lease for two full floors at 1111 E. Warrenville Road in Naperville, Ill. Owned by Calamos Investments, the 38,425 square foot office building is currently vacant and will be redeveloped into a PreK-8 school complete with an outdoor playground and artificial turf athletic field. Construction is slated to kick off in summer 2016 and is expected to be completed in time for the 2017-2018 school year.
Cushman & Wakefield Senior Vice President Adam McCostlin and Associate Brian Duffy led the lease transaction on behalf of DuPage Montessori School, with support from Executive Managing Director Chris Wood and Vice President Jordan Decker.
“DuPage Montessori School prides itself on being one of the largest and most advanced progressive schools in the Chicagoland area,” said Colin Breen, Director at DuPage Montessori School. “From the beginning, it has been the mission of the School to provide a customized learning experience for each one of its students. With the help of Calamos and the Cushman & Wakefield team we will finally have a building that conveys the quality of the services we provide, with room for future growth.”
1111 E. Warrenville Road is situated on a 1.93-acre lot adjacent to the local forest preserve, making it an ideal location to support DuPage Montessori’s “hands-on” curriculum. The school will occupy the first two floors of the three-story building, which was the original headquarters of Calamos Investments. The building’s planned renovations include interior infrastructure and exterior facade updates, parking lot improvements, ADA accessibility, a new commercial kitchen and cafeteria, and more. More than 220 students are anticipated to attend the school next fall.
“We worked closely with Dupage Montessori to identify a facility that supported the School’s mission, operational objectives and plans for future growth,” said McCostlin. “The selection of 1111 E. Warrenville Road and the secured lease terms will bode well for the future of the school and the community.”
“We cannot wait to provide the Chicagoland community with an educational experience like never before,” said Breen.
About Cushman & Wakefield
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.