CHICAGO, March 29, 2016 – Cushman & Wakefield has announced the arrangement of four new leases at 111 East Busse Ave., located in the northwest suburbs of Chicago. Cushman & Wakefield Leasing Director Adam Showalter and Associate Connor Lund represented the landlord, Chicagoland investor Gus Dahleh, in the transactions.
New tenants include:
- Baldridge & Associates Structural Engineering, Inc., represented by Mark Brodson of Resource Commercial
- Sedgwick Advisors, represented by Jack Reardon of NAI Hiffman
- Chicago Psychological Health Center
- Good Health to You
Dahleh acquired the six-story, 97,191 square foot building in September 2014 and has announced major capital improvement plans for the property, which is anchored by Chase Bank. Scheduled to begin in April 2016, planned renovations include updates to the main lobby and common areas, modernized elevators and a new fitness center.
“I am excited about the opportunity to make 111 East Busse the premier commercial office building in Mount Prospect,” said Dahleh. “I have received strong support from Mount Prospect Community Development Director William Cooney and Village Manager Michael Cassady to make all of this happen,” he added.
The continued flow of leasing activity at the property coincides with the connectivity between business organizations and Mount Prospect’s attractive, thriving downtown business district. A vital component of the greater Chicago metropolitan area, the Village of Mount Prospect has evolved into a contemporary suburb with the liveliness and diversity of an urban environment. Ideally located in the heart of downtown Mount Prospect, 111 East Busse is within close proximity to the UP-NW Mount Prospect Metra stop and the Tollway Interchange.
“Incoming companies will further cultivate a climate for innovation and growth in the local community,” said Lund. “111 East Busse has a prime location near restaurants and shops, and the property’s ownership is reinvesting in the building, which is continuing to fuel interest from quality tenants.”