CBRE facilitated a 75,000-square-foot lease at Woodfield Preserve Office Center on behalf of Zeller Realty Group (ZRG), to Assurance Agency, Ltd., one of the nation’s largest independent insurance brokerage firms. The company will relocate its headquarters to 20 N. Martingale Road in Schaumburg in 2019.
Bill Elwood and Rob Graham of CBRE represented the owner, ZRG, in the transaction. Jesse Van Dyke of JLL represented Assurance. Strategically located along I-290/I-355, Woodfield Preserve provides immediate access to the surrounding area, including O’Hare Airport, more than 30 hotels within a three-mile radius and hundreds of dining options. Situated on 29 acres, the complex allows for scenic views of the Ned Brown Forest Preserve.
“Our organization’s consistent growth over the past two decades has compelled us to continually look to the future,” said Jackie Gould, Assurance’s chief operating officer. “The move of our headquarters to Woodfield Preserve Office Center is an exciting step in our evolution. The quality of space and employee-friendly amenities will enable us to continue to attract top-tier talent and provide a vibrant environment where we can continue to grow and serve our clients.”
The firm will occupy a portion of the first floor and the entire sixth floor, which is the largest floor plate in the Schaumburg Class A market, offering almost 52,000 square feet. The building boasts finished ceiling heights of nine feet with full-height windows and a raised floor air distribution system that enhances air quality and energy efficiency.
“ZRG is proud that Assurance is entrusting its headquarters location to Woodfield Preserve,” said Bob Six, COO for ZRG. “The property not only delivers outstanding office space and a collaborative work environment for their team members, but also provides an amenity-enriched campus with interactive conference centers, enhanced connectivity and upgraded fitness centers and great accessibility to nearby amenities for everyone to flourish. We look forward to the continued leasing momentum at this vibrant campus.”
ZRG has significantly transformed the 650,000-square-foot property, including upgraded finishes. They also improved the amenity offerings at both buildings at Woodfield Preserve, including two fitness centers, game rooms, conference centers, Wi-Fi lounges, full-service delis with catering services, an outdoor courtyard with pergolas and fire pits, mother’s rooms and community yoga classes and organic gardening classes.
“The significant upgrades at Woodfield Preserve were a big draw for Assurance,” said Elwood. “These new amenities will allow the firm to further enhance its culture and provide top-tier perks for its employees.”
Assurance is among the largest and most awarded independent insurance brokerages in the United States. A “Top 50″ insurance broker and repeated national and local “Best Place to Work” winner, Assurance creates value by minimizing risk and maximizing health for 6,000 businesses and individuals across the country.