office

Cushman & Wakefield’s New Report Shows Real Estate Leaders Continue to See Value in Coworking

CHICAGO, November 4, 2019 – Cushman & Wakefield (NYSE: CWK), a leading real estate services firm, has released a report that reveals corporate perceptions of the value of flexible workspace and coworking strategies. Cushman & Wakefield partnered with CoreNet Global, a worldwide association of corporate real estate executives, to survey more than 550 key commercial real estate (CRE) executives at organizations around the world. Participants were asked about their general perceptions of the coworking sector, the pros and cons of using coworking, expected impacts on cost, and past and future employee utilization of flexible office spaces. Key findings of the report include: Nearly two-thirds of companies utilize coworking to some degree, and many respondents expect to double their commitment to coworking over the next five years. “The results show that corporate leaders have a generally positive view of coworking and see flexible space as a growing part of their occupancy strategy,” [...]

Creative Office Building Breaks Ground as Gateway to Chicago’s Historic Fulton Market District

CHICAGO, Oct 30, 2019 - Global real estate leaders and joint venture partners Thor Equities and QuadReal, together with leading real estate services firm, Cushman & Wakefield, and global design firm Skidmore, Owings & Merrill, introduced the city to 800 W Fulton on Tuesday, with an official groundbreaking ceremony. The project was dedicated by Chicago Alderman Walter Burnett, Jr., (Ward 27) along with executive leadership from the groups involved in the project. Located at the eastern entrance to the historic Fulton Market district at 800 W. Fulton Market, the soon-to-be 19-story mixed-use building is designed to enrich its setting with a lively program of public and commercial spaces. The trophy property is expected to activate the burgeoning neighborhood with more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets.  Occupying a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted [...]

Chicago Downtown Office Leasing Activity Reaches Decade High

CHICAGO, Oct. 14, 2019 -- Chicago’s downtown office leasing activity reached a decade high in the first three quarters of 2019, with transactions totaling 7.8 million square feet, a 7.4% increase over the same period last year. Activity slowed in the suburbs, however, with year-to-date leases totaling just over 3 million square feet, a 9% decline from 2018, according to the newly released “Chicago Q3 Office Market Snapshot” from Cushman & Wakefield. Chicago CBD Office Stats: Robust absorption of Class A space lowered the overall vacancy rate to 13.1% in the third quarter, from 14.2% in third-quarter 2018. Fueled by an ongoing wave of corporate relocations, the West Loop was the most active submarket, with 4.5 million square feet of lease transactions executed so far in 2019, up 35.9% from the first three quarters of 2018 and accounting for 57.8% of total CBD leasing this year. The third quarter’s top [...]

Represents Planmeca in Purchase of New U.S. Headquarters in Hoffman Estates

CHICAGO, June 11, 2019 – Cushman & Wakefield announced that Planmeca USA Inc., one of the world's leading manufacturers of dental equipment, has purchased the former Serta Mattress Co. building at 2600 Forbs Ave., in Hoffman Estates, where they will relocate their U.S. headquarters this year. Currently located in approximately 77,000 square feet (sf) within two adjacent buildings in nearby Roselle, the move consolidates Planmeca’s operations—which includes their U.S. headquarters corporate office, a testing and distribution center for their product lines, and a showroom and training center—to one location totaling 90,000 sf on a 19-acre land site. Britt Casey, Vice Chair, and Jeff Matella, Associate, of Cushman & Wakefield represented Planmeca on the purchase of this property. Mark Smith, Senior Vice President, of CBRE represented Serta. “This state-of-the-art facility is truly a masterpiece that offers expansion capabilities and is strategically located directly off the I-90 expressway within the prestigious Prairie Stone [...]

Three Chicago Area Brokers Promoted to Vice Chairs

CHICAGO, May 29, 2019 – Cushman & Wakefield has announced that three of its top producing Chicago area brokers—Britt Casey (Industrial), Alex Smith (Tenant Representation) and Jason West (Industrial)—have each been promoted to Vice Chair. As leaders in their service lines, each has ranked in Cushman & Wakefield’s Chicago Top 25 Producer list for the past three years. All three have also been recognized nationally, ranking on Cushman & Wakefield’s Americas Top 100 Producers this year. “Britt, Alex, and Jason have consistently achieved tremendous individual and team success and are leaders in their respective fields,” said Vicki Noonan, Chicago Managing Principal, Cushman & Wakefield. “Their passion and commitment to their clients – creating solutions and driving results – has contributed significantly to their success and to the overall success of the firm. These individuals are recognized by industry peers and organizations in Chicago and across the country – I am extremely [...]

Cushman & Wakefield Represents ACCO Brands in Long-Term Extension of World Headquarters in Lake Zurich

CHICAGO, May 22, 2019 – Cushman & Wakefield announced that ACCO Brands has agreed to a long-term lease extension of its worldwide headquarters in Lake Zurich at 4 Corporate Drive, which encompasses 189,092 square feet of office space in Kemper Lakes Business Center in suburban Chicago. ACCO Brands, one of the worlds’ largest suppliers of academic, consumer and business products, moved to its current location in 2012. Lou Hall, Executive Director, and Dan Wilkins, Senior Director, of Cushman & Wakefield represented ACCO on the lease extension. “We’re excited to keep ACCO’s global headquarters in this prime location that has served them well for the past seven years,” said Hall. “Access to the world-class golf course and other state-of-the-art amenities on campus provide opportunities for future business growth and innovation.” The Class A building is one of four that make up Kemper Lakes Business Center, which totals 1.1 million square feet and [...]

Cushman & Wakefield Represents Seller on Naperville Crossings

CHICAGO, May 14, 2019 – Cushman & Wakefield today announced the sale of Naperville Crossings, a premier open-air center located in the affluent Chicago suburb of Naperville, IL. The property was acquired by Phillips Edison & Company of Cincinnati. The transaction encompassed 146,591 square foot of existing retail space, of which 92% is currently occupied and leased to national and regional tenants. Located at the intersection of Route 59 and 95th Street in Naperville, the property consists of a diverse tenancy that includes a free-standing Aldi and several high-profile restaurants and service-oriented tenants. Evan Halkias and Michael Marks of Cushman & Wakefield’s Retail Investment Advisors group represented the seller in this transaction. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees [...]

Briar Meads Capital, LLC, Acquires and Recapitalizes The Westwood

Cushman & Wakefield selected as leasing agent for buildings formerly known as Westwood of Lisle CHICAGO, April 10, 2019 – Cushman & Wakefield has been selected to represent Briar Meads Capital as landlord leasing agent for its newest asset in the Chicago market: 2441 & 2443 Warrenville Road in Lisle, IL, part of the I-88 East West Tech Corridor. The firm is tasked with procuring new tenants for the property while NAI Hiffman will bring new tenant-focused professional property management to the facilities. Briar Meads is a top rated, well-capitalized, professional landlord already in the process of reinvigorating the newly rebranded The Westwood with a slate of updated amenities and improvements designed in conjunction with Wright Heerema Architects. Dan Svachula, Michael Simpson, Adam Showalter and Allyson Yates of Cushman & Wakefield represent Brian Meads as Leasing Agents. The Westwood consists of 300,000 square feet (SF) across two office towers built [...]

Cushman & Wakefield’s Chicago Headquarters Awarded Prestigious WELL Certification

Company Among Early Adopters of the WELL Building Standard CHICAGO, MARCH 25 2019 – Cushman & Wakefield’s global headquarters in Chicago has achieved WELL Certification at the Silver level by the International WELL Building InstituteTM. The company consolidated its Chicago operations to four floors at 225 W Wacker in May 2017. Certification was awarded based on IWBI’s WELL Building StandardTM (WELLTM), a premier building standard focusing on enhancing people’s health and wellness through the buildings where we live, work and play. The company’s Atlanta office also achieved certification this year. Cushman & Wakefield is a Founding Alliance Member of the Well Living Lab, underscoring its commitment to evolving the built environment to best support human needs and enhancing the performance of people in the workplace by making wellness a priority. Additionally, three of Cushman & Wakefield’s Sustainability Services employees are WELL faculty members. WELL certification provides a framework for maximizing [...]

Cushman & Wakefield Recognizes 2018 Top Producers in Chicago

CHICAGO, March 21, 2019 – Cushman & Wakefield celebrates outstanding work on behalf of their valued clients, and the commitment and hard work of their 2018 Top Producers in Chicago. The firm’s global headquarters here in Chicago this week honors 27 individuals across its brokerage service lines including Capital Markets, Tenant Representation, Industrial, and Agency Leasing for their dedication to their work, their clients and the company. “I’m incredibly proud to recognize some of our outstanding brokers in Chicago in 2018, six of whom made Cushman & Wakefield’s Americas Top 100 List, which is a true testament to the strength of our Chicago platform and work on behalf of clients,” said Vicki Noonan, Chicago Managing Principal, Cushman & Wakefield. “Each of these individuals has made a tremendous impact on our business, our company culture and they are standouts in the commercial real estate sector. These talented professionals are also the [...]