JLL represented ownership and Newmark Knight Frank the tenant as digital marketing agency Logical Position took a full-floor office lease at The Reserve at Deer Park, located at 21440 W. Lake Cook Road in Deer Park, Illinois. Logical Position will occupy the entire seventh floor, totaling nearly 43,000 of the building’s 351,425 square feet.
JLL’s senior vice president, Rick Benoy, executive vice president, Doug Shehan, and associate, Erica Rogers, led the deal on behalf of 90 North Real Estate Partners and Arzan Wealth. Logical Position was represented by Newmark Knight Frank managing director Matthew Frazee, senior managing director Paul Buckingham and managing director Brian Reaney.
“This move will allow us to help more companies grow through our digital marketing services and create more jobs for local residents,” said Chris Vale, vice president of SEO and website development and Chicago general manager at Logical Position. “We have a lot to be thankful for and are looking forward to many more years of growth here.”
The agency and its employees will enjoy The Reserve at Deer Park’s 58-acre, nature-rich setting with walking trails, ponds and wildlife. Additionally, the building offers desirable on-site amenities including ample parking, a café with lounge, a fitness center, outdoor volleyball courts, conference rooms and a training facility. Less than 30 miles from O’Hare Airport, its location boasts easy access to Highway 53 and Interstate-290, as well as sought-after local shopping, retail and residential destinations.
“This was a very successful outcome for our client from a cultural perspective and in the deal terms we were able to achieve,” said Frazee. “The Deer Park location continues to facilitate Logical Position’s aggressive employee growth projections and provides significant cost savings owed particularly to favorable landlord concessions.”