Woodfield Corporate Center 2 biens | Bureau | Schaumburg, IL

This is a rare opportunity to invest in a Premier asset, in a very dynamic location, at a cyclically low basis. This clears the way to lease a large amount of vacancy in a relatively short period of time. Such transactions have only just started to take place, creating an “early-mover” advantage to investing in Woodfield Corporate Center. Below are two examples of recent leasing successes following similar “basis resets”.
Woodfield Corporate Center enjoys an exceptionally vibrant, 24-hour mixed-use location in Schaumburg, IL. It is located immediately south of Woodfield Mall and The Streets of Woodfield which together host 320 retailers across over 2.8 million square feet. Together they are the center of Schaumburg’s retail district which is one of the most dynamic “urban-suburban” commercial districts in the Chicago metro area. Within walking distance are 600+ apartment units, 2000 hotel rooms, and over 70 restaurants. In addition, the property is located at the intersection of two major Interstate highways I-290 and I-90 which not only offers exceptional access to its tenants but also provides extremely valuable signage opportunities for tenants due to the fact that approximately 150,000 vehicles driving by the property’s eastern border every day on I-290. The property’s location also offers its tenants breathtaking views in all directions, most notably to the east overlooking the 3,700-acre Ned Brown Forest Preserve and Busse Forest Nature Preserve, with clear views of the Chicago skyline.
Woodfield Corporate Center is part of a select few Premier assets in the Northwest submarket defined by their close proximity to the Woodfield retail district, higher-quality finishes, and full set of amenities that have been recently updated.
Secured by 5.8 remaining years of term by the top four (4) largest tenants, the Property’s tenant roster represents a unique balance of diverse industries, including technology and telecom, insurance, logistics and transportation, and manufacturing. With the largest tenants each representing less than 5% of the rentable area, there is no significant rollover risk, paving the way for new ownership focus on new leasing.