Sterigenics International Expands Suburban Windy City Presence
- May 17, 2016
Chicago—Savills Studley recently secured a long-term lease for 27,506 square feet of office space for Sterigenics International LLC in Oak Brook, Ill. The global provider of contract sterilization, gamma technologies and medical isotopes has occupied the location at 2015 Spring Road since 2001, and will expand from its current space of 18,541 square feet.
Savills managed to assist Sterigenics in negotiating the new concession package, which will help finance the build-out of the expansion space, and also the extensive renovation of the company’s existing office space. Sterigenics’ name will also be placed on the building’s new monument signage at the entrance on Spring Road.
“In light of the news that several businesses are growing their presence downtown, this transaction is a great example of a company that has recommitted itself to one of the more popular suburban office destinations in the Chicago area, taking advantage of the economic value, free parking and proximity to shopping and entertainment that Oak Brook offers,” Savills Studley Corporate Managing Director Jon Azulay said in a statement.
The seven-story, 510,000-square-foot Class A Commerce Plaza office complex consists of three 170,000-square-foot multi-tenant buildings located near I-88. The complex, which features amenities such as 1,771 parking spaces, dry cleaning, a deli and café and a fitness center, offers easy access to the Oak Brook Mall, several hotels, fine dining and both international airports.
Image courtesy of Greater Oak Brook Partnership