One Story Schaumburg’s owners, The Equitable Funds and Berger Asset Management LLC announced the completion and opening a new tenant amenity center and expansion of its highly-respected spec suite leasing program. This announcement follows the completion of lease transactions totaling 11,473 sq. feet.
One Story Schaumburg’s exclusive leasing agents are Jason Wurtz and Steve Chrastka, both Executive Vice Presidents at NAI Hiffman.
Spec Suites Expanded and Amenity Center CompletedBuilding ownership has expanded its popular Spec Suite program to provide businesses with move-in-ready spaces in the 630- to 3,000-square foot range. All spaces are brand new with brand-new fixtures and finishes, new HVAC units, kitchenettes, and restrooms.
Each suite is equipped with operable windows and has natural light from skylights and inner courtyards.
The new suites, which are currently under construction, will be available by Spring 2023.
One Story Schaumburg was acquired by property owners. This created an amenity centre that is open to all tenants. The amenity center features a tenant lounge, vending and a coffee bar as well as a fully equipped conference center with wifi.
Strong Leasing Activity
FCx Performance leased 5,231 square feet. Cushman & Wakefied represented the company.
The Certification Board for Diabetes Care and Education (CBCDE), leased 2,321 square feet. Cresa represented the organization.
Prime Line Transportation leased 1,964 sq. feet of space. Tenant Advisors represented Prime Line Transportation.
QPS Employment Group leased 1,957 square feet from Brown Commercial.
One Story Schaumburg was built in two separate acquisitions. The Equitable Funds purchased the first Schaumburg asset, a single-story multi-tenant office building of approximately 84,000 sq.ft located at 1305-1375 Remington Road, in December 2020. The second piece was acquired in September 2021, when the two buildings at 1340-1350 Remington Road, totaling approximately 46,000 sq. ft, were purchased.
One Story Schaumburg is located directly north of Woodfield Mall, north at the Golf and Meacham Roads intersection. This puts the property within easy reach of many amenities, including restaurants, shopping, and hotels. The property is close to Meachum’s full I-90 interchange, which provides easy connections to I-290 and I-355 as well as IL-53. The property is located less than 15 miles from O’Hare International Airport, while downtown Chicago is approximately thirty miles away.
Jonathan Berger and Josh Silverglade founded Equitable Funds in 1999. It is a multi-faceted real estate management and investment firm. Over a period of 20 years, the principals have completed more that $250 million in real estate acquisitions and disposals.