Pete Adamo and David Justh of CBRE represented the owner, Globe Corporation. Ben Erskine, Todd Schaefer and Dan McGowan of JLL represented WOW! in the transaction.
Located in the Cantera development along Winfield Road and the I-88 interchange, the single-story property offers high-end interior finishes, signage options, significant parking and direct access to dozens of area restaurants as well as hotels and health club. The building provides direct access to Chicago’s west suburban workforce, with a population of 933,512 within a 10-mile radius.
“This location will provide the tenant with excellent access to its workforce and customer base,” said CBRE’s Adamo. “Likewise, the long-term lease will stabilize the investment-grade asset for ownership.”
Globe Corporation is a family-owned diversified investment company with close to three million square feet of institutional-quality industrial, office and retails space, and several developments underway. The company’s wholly owned subsidiary, Globe Financial Corporation, operates asset management services. WOW! is one of the nation’s leading broadband providers, serving residential, business and wholesale customers in Illinois, Michigan, Indiana, Ohio, Maryland and the Southeast.