Bank of America has renewed 92,825 square feet of tenant space at 1600 Corporate Center in Rolling Meadows Ill., a Northwest submarket of Chicago.
Bank of America has been a tenant of 1600 Corporate Center since its acquisition of Countrywide Home Loans in 2008. David Olsen, Mark Kolar and Greg Raus of Jones Lang LaSalle represented the tenant. Joe Stevens, Fred Ishler and Zach Fox of Transwestern handled the transaction for Younan Properties, the owner of property.
“The abundant parking, great infrastructure, and central location combined with Younan’s creativity in its deal structure make this building a great fit for this or any tenant,” says Joe Stevens of Transwestern, in a release.
“This is an important renewal for Younan Properties and for 1600 Corporate Center,” said Dan Svachula, leasing manager of Younan’s Chicago portfolio. “Bank of America’s long term commitment to the building is proof of the property’s overall appeal and tenant amenities. There have been significant improvements in the market fundamentals, which is having a positive impact on leasing velocity. We currently are working on more deals that we will be announcing in the upcoming weeks.”
1600 Corporate Center is a 255,440-square-foot 12-story, Class A office building. It is situated on a landscaped campus with unencumbered views of the Ned Brown Forest Preserve.
