Vestian has secured a new 15,000-square-foot HQ space for Headline Solar, the fastest-growing solar company in the Midwest. The Vestian team representing Headline includes Gregg Espach, Executive Managing Director; Patrick Kobilca, Director; and Bryant McKenzie, Associate.
The new HQ space upgrades Headline Solar from a Class-B to Class-A building within the brand-new $200 million Bell Works redevelopment project. Bell Works is formerly the 1.65-million-square-foot, 150-acre, campus for AT&T/Ameritech in Hoffman Estates. The project will bring office space, mixed-use retail space consisting of dining and shopping, large conference facilities, a 30,00-square-foot health club, Solarium, and coworking spaces. Bell Works is referred to as a “Metroburb,” combining workplaces, dining options, retail experiences and more. The location, and its amenities package, is ideal for Headline’s new HQ space and their growing employee base.
It was critical to Headline Solar that their new HQ allow them to scale up quickly, without compromising cost and limiting capital exposure. With that in mind, Vestian secured a lease for Headline Solar that increases their footprint substantially. It also provided favorable economics compared to market, limits capital exposure, and has several fixed expansion options that provide Headline Solar the flexibility to expand their presence at Bell Works as their workforce grows.
The 10-year lease includes considerable concessions including flexible terms, build-out allowances, the right to scale occupancy, and swing space to house employees while buildout is being completed, all significantly minimizing Headline’s capital expenditures. Vestian’s Project Management team is overseeing the build-out, ensuring Headline’s vision is expertly brought to life.
Headline Solar is set to move into their new space in late April.
