Colliers International Tapped by RPAI to Market Zurich Towers Office Complex in Schaumburg
- Feb 09, 2015
By Ioana Neamt, Associate Editor
Oak Brook, IL-based Retail Properties of America, Inc. (RPAI) has chosen Colliers International to market the iconic Zurich Towers office complex in suburban Chicago. According to a news release, Colliers principals David W. Florent, Steven W. Kling, and Francis R. Prock have been selected to market and sell the 895,400-square-foot property.
“Colliers International has a solid track record of rebranding single tenant centers throughout Illinois and we are excited to be working with them on this incredible repositioning project,” said Gerald Wright, senior vice president and director of asset management for RPAI. “We believe that this property represents one of the best large block office locations in the Chicago suburban market and we are eager to unveil our vision for the space in collaboration with the Colliers team.”
Located at 1400 American Lane in Schaumburg, Zurich Towers is ideally situated adjacent to Woodfield Mall, the country’s tenth largest enclosed mall. The two-building office complex also offers easy access to I-290, I-90 and I-355.
Zurich Insurance Co., the primary occupant of Zurich Towers since its completion in 1986, plans to relocate its headquarters in 2016 to a new build-to-suit facility developed and designed by Clayco. The new building is located on 38.8 acres of unused land on the Motorola Solutions campus, according to the Daily Herald.
Image courtesy of the Idex Financial Group
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