Lawson Products, an industrial distributor of maintenance, repair and operations supplies, has signed a long-term, 86,313-square-foot lease at 8770 Bryn Mawr Avenue in Triangle Plaza for its new corporate headquarters.
The three-party transaction – a 17,061-square-foot direct lease from building owner CommonWealth REIT and a 69,252-square-foot sublease from Alcan Corporation – makes Lawson the largest tenant in the building. The company will take the entire fifth, sixth and ninth floor, as well as the majority of the fourth floor, which amounts to roughly 27 percent of the office space in the 315,423-square-foot property. Occupancy is scheduled for March.
8770 Bryn Mawr Avenue, Triangle Plaza’s West Tower, is a 14-story Class A office building in the O’Hare submarket, offering easy access to suburbs and downtown via interstate highways, a CTA Blue Line rapid transit station and shuttle service to O’Hare Airport. The complex also offers onsite food service, a remodeled, 10,000-square-foot fitness center, convenience store, car wash and reserved indoor executive parking.
As the largest tenant in the West Tower, the Lawson Products name and logo will be displayed in the building’s marble lobby, as well as on the roof and on the gateway monuments at the complex entrance.
Lawson is relocating its corporate headquarters to Triangle Plaza from 1666 East Touhy Avenue in Des Plaines, Ill, where the company owns a mixed-use building that has housed its offices and its manufacturing facility for more than three decades.
Executive Vice President Joe Learner and Associate Director Jon Azulay of international commercial real estate services firm Studley negotiated the transaction on behalf of Lawson Products. Howard Meyer, of The John Buck Company, represented Commonwealth REIT. Alcan Corporation was represented by Steven Bauer and Frank Franzese of Cushman & Wakefield.
