Logical Position has taken occupancy of a 43,000-square-foot, full-floor space at The Reserve at Deer Park. The Portland, Oregon-based digital marketing agency leased the space earlier this year and is the first tenant in a newly repositioned section of the 352,966-square-foot Class A building in Deer Park, Illinois.
The Reserve at Deer Park is owned by Arzan Wealth and 90 North Real Estate Partners. JLL is the exclusive leasing agent of the property; NAI Hiffman is the property manager and served as the project and construction manager. Newmark Knight Frank represented Logical in the transaction.
While many Chicago-area office tenants have faced a range of move-in delays due to permitting and construction buildout issues, the leasing and management team maneuvered around many obstacles to bring this transaction to a close.
“Timing is everything and was crucial to completing this full-floor leasing and occupancy program during the pandemic,” said Daniel Cooper, head of North American operations for 90 North Real Estate Partners. “Everyone involved was extremely focused, working diligently to keep the process moving along. Without that focus and work ethic, we easily could have been caught up in COVID-related issues resulting in scheduling delays and cost overruns.”
The tenant improvement program in the Logical Position space was extensive, converting a second-generation space that had been vacant to a vibrant, modern workspace that is appealing to the firm’s employee base. Logical Position currently has approximately 150 employees that will be moving into the space as part of a post-COVID-19 plan. The space is designed to accommodate as many as 320 employees by the end of 2022.
The space, designed by Interwork Architects and constructed by Morgan / Harbour Construction, includes employee workspaces in a collaborative, open environment with views of the wooded campus. Other features include a variety of conference and meeting rooms for client meetings and internal gatherings; a high-tech training room that can accommodate 30-50 people; an expansive employee lounge and kitchen area equipped with table games and big screen televisions and interior offices for executives and managers.
“The ability to collaboratively work through the pandemic-related issues and challenges was remarkable,” said Craig Millspaugh, asset manager, 90 North Real Estate Partners. “Our team created an efficient process to move the construction process along while also adhering to the many additional health and safety guidelines imposed by the pandemic. We were able to maintain our move-in schedule despite all the obstacles, allowing the tenant to take occupancy on time and avoid additional costs.”
The Reserve at Deer Park is a nature-rich suburban campus on 50 acres with walking trails, outdoor sports and nature preserves, all of which are in demand in a post-COVID world. The campus was originally developed by Motorola and was later acquired by the current owners through a sale-leaseback strategy by Continental Automotive Systems, Inc. Continental occupies four floors of space for the USA headquarters for its interiors division.