CBRE Arranges HQ Relocation for NEC Display Solutions

The company will leave its Itasca office for a larger space in Downers Grove, Ill. The new facility will include a showcase and demo section and a research and development lab.

3250 Lacey Road, Downers Grove, Ill.
3250 Lacey Road, Downers Grove, Ill.

CBRE negotiated a 47,714-square-foot office lease in Downers Grove, Ill., for NEC Display Solutions of America Inc. The company plans to move its current headquarters located in Itasca, Ill., to the new office once build-outs finalize.

The previous office, located at 500 Park Blvd., was 40,000 square feet in size. The larger space at 3250 Lacey Road was will include a 6,000-square-foot technology showcase and demo facility and a 5,000-square-foot research and development lab.

The new space will align better with our mission as a leading technology firm. It will provide a more modern, efficient office layout that will boost employee collaboration and spark innovation. I am especially excited about our new executive briefing center, which will enhance our engagement with partners and customers by showcasing real-world vertical applications and solutions,” said Todd Bouman, president & CEO at NEC Display Solutions, in prepared remarks.

Executive Vice Presidents Chad Freeze and Jon Springer, Senior Vice President Paul Diederich and Real Estate Advisor Matthew Frazee of CBRE represented the tenant in the office lease. Hamilton Partners, the landlord, was represented in-house by Partner Philip Sheridan.

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