Avison Young news: Find out the latest industry happenings
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young negotiates 115,937 sf office lease with the Federal Aviation Administration in Rolling Meadows, ILApril 5, 2022
Chicago, IL– Avison Young announced today that it has negotiated a 115,937 square-foot office lease at Atrium, 3800 Golf Road in Rolling Meadows, IL with the Federal Aviation Administration (FAA) on behalf of the building owner, Spear Street Capital. The space is within Atrium, 3800 Golf Road, a 3-story, 483,000-sf office building.
Avison Young Principal Fred Ishler and Associate Allie Cooney, based in the firm’s Chicago office, and Ed Gregorowicz of Avison Young’s Government Consulting Services practice represented the Landlord, Spear Street Capital. The Tenant was represented by Hugh Murphy, Delario Bolton, Kasey Hughes, and Clarissa Mahoney-Pascascio of JLL.
After more than 25 years at its Des Plaines, IL location, the FAA will be relocating its regional headquarters from the O’Hare market to Atrium, 3800 Golf Road, Rolling Meadows. The FAA conducted an extensive market search in both the O’Hare and Northwest suburban office markets for this large office requirement and Atrium, 3800 Golf Road, successfully competed with multiple buildings to win this transaction.
“This is one of the largest deals in the Northwest Suburban market within the last several years,” Ishler said. “The Tenant found that the building’s ability to accommodate the FAA’s large office space requirement on a single floor was advantageous for the FAA’s space utilization. Additionally, the building features extensive amenities and is in close proximity to the Woodfield Mall area’s major retail and dining offerings making it a preferred location for the FAA’s employee base.”
Situated at the confluence of I-290, I-90 and IL Route 53, Attrium, 3800 Golf Road is located at the heart of the Northwest suburban office market and provides quality tenant amenities, including the largest fitness facility in the area, extensive conference facilities, and The Street, an activated and inventive atrium space that creates the ideal place to connect with colleagues. Atrium’s striking design and dramatic architecture includes oversized windows providing an abundance of natural light and an award winning lobby with towering 37’ ceilings.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2021 winner of the Canada' s Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.
Follow Avison Young
For more information:
- Download property photo: Atrium, 3800 Golf Road
- Jéntill Neal, Media Relations, Midwest: +1.312.796.0380