Transwestern Completes Over 53,000 Square Feet of New Leases and Renewals
December 19, 2024
CHICAGO – Transwestern Real Estate Services (TRS) announces it has represented building ownership in a lease with RTM Engineering Consultants totaling 15,452 square feet at 1933 N. Meacham Road in Schaumburg. Building ownership, Integris Ventures, was represented by TRS Executive Vice President Joe Stevens.
In addition to RTM’s lease, other recent new and renewal lease transactions completed at the building include Lavelle Law (12,620 square feet), Naylor Association Solutions (10,361 square feet), Familia Dental (10,361 square feet), and Armstrong Transportation (4,841 square feet).
According to the most recent Chicago Suburban Office Market report compiled by Transwestern’s research team, the Chicago suburban market has a direct vacancy rate of 22% in the third quarter of 2024 and leasing activity remains well below pre-pandemic averages. However, the leases completed at 1933 N. Meacham illustrate that there is still demand for competitively priced, well-amenitized, suburban office space, especially for those in good locations with strong ownership.
1933 N. Meacham is a seven-story, 142,000-square-foot building with a four-story atrium lobby. Building amenities include a 50-person conferencing facility, full-service delicatessen, fitness center, and underground executive parking garage. Additionally, it is adjacent to the Embassy Suites hotel. The building is centrally located in the 90 North Entertainment District and provides immediate access to Route 53 and Interstates 290 and 90, as well as the Schaumburg Convention Center and numerous restaurants and hotels.
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About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Mallory Martin
312.881.7022
mallory.martin@transwestern.com
twmediarelations@transwestern.com
