Newmark Grubb Knight Frank has announced that RCG Management Services leased 48,737 square feet of office space to Brightstar Corp. at 850 Technology Way in Libertyville.
The transaction marks one of the largest office leases in the suburban Chicago market in 2012 and represents a significant expansion for Brightstar Corp.
Newmark Grubb Knight Frank’s John Clark and Rob Lundin, senior managing directors, and John Norris, director, represented RCG Management, which acquired the single-story building in January through a REO sale. Mitchell Loveman, principal, and Daniel Katcher, managing director, also with Newmark Grubb Knight Frank, represented Brighstar Corp. in the transaction.
A total of 30,457 square feet remains available for lease at 850-860 Technology Way. Situated in the Pine Meadow Corporate Center, the property is equipped with sophisticated communications and power capabilities as well as abundant parking.