Transwestern’s Suburban Chicago Agency Leasing Group represented Siete7 LLC in two transactions at 1111 E. Touhy totaling 63,381 square feet. National Insurance Crime Bureau completed a long-term renewal on a full floor lease totaling 31,572 square feet. Founders Insurance Co. completed a long-term renewal for a 14,134-square-foot lease and signed for an expansion of 17,675 square feet. The tenant now occupies a full floor at the building.
“These two major deals are strong evidence of the quality and value that 1111 Touhy offers to larger tenants,” said Fred Ishler, senior vice president with Transwestern’s agency leasing group. “The transactions also signify a noticeable upturn in activity in the O’Hare office market.”
The property is a 148,444-square-foot class B office building owned by Siete7 and located in Commerce Centre, a three-building development in the O’Hare submarket. The building offers quick access to all major expressways and is a five-minute drive to O’Hare International Airport. Amenities include on-site management, conference facilities and an on-site deli. The building is in close proximity to many restaurants, hotels and public transportation options.
Transwestern’s Fred Ishler, Joe Stevens and Zach Fox represented the landlord in both transactions. Peter Livaditis and Paul Diederich of CBRE represented National Insurance Crime Bureau and Steve Kardel of Glenlake Capital Partners represented Founders Insurance Co.
