Transaction marks the building’s fourth lease of 2023 as improvements are underway
Lee & Associates, one of the largest national commercial real estate service providers, successfully negotiated a new 12,925-square-foot, long-term office lease to Granite Construction at O’Hare Offices, 1011 E. Touhy Avenue in Des Plaines. This transaction marks the fourth lease of the year signed at property, which saw earlier commitments from Big Mouth Media, Elara Caring and United Airlines totaling 25,525 square feet.
Lee & Associates’ Tony Russo, Senior Vice President, and Ryan Freed, Vice President, are the building’s exclusive leasing agents for landlord, Siete 7, LLC.
O’Hare Offices is a five-story, 171,000-square-foot office complex located on I-90 frontage at Lee Street in Chicago’s O’Hare submarket. The property features a fitness center, access to food service and fully customizable office spaces. The landlord recently began a full lobby renovation that will be finished in the summer of 2023.
Granite Construction is a diversified construction and construction materials company and full-suite provider in the transportation, water infrastructure and mineral exploration markets.
“Granite is a meaningful addition to O’Hare Offices,” said Russo. “Its new long-term lease is just one of many signs that Chicago’s suburban office activity has markedly picked up as companies start to realize how to use office space post pandemic. Once they understand their needs, decision-making and lease commitments follow,” he added.
About Lee & Associates
Lee & Associates offers an array of real estate services tailored to meet the needs of the company’s clients, including commercial real estate brokerage, integrated services, and construction services. Established in 1979, Lee & Associates is now an international firm with offices throughout the United States and Canada. Our professionals regularly collaborate to make sure they are providing their clients with the most advanced, up-to-date market technology and information. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog. For more Lee & Associates of Illinois happenings, connect with us on LinkedIn, Twitter and Instagram.