CHICAGO – Bradford Allen Realty Services is pleased to announce that The LaSalle Network, a leading provider of professional staffing and recruiting services throughout the Midwest, is relocating their northwest Chicago office location to 2355 S. Arlington Heights Road in Arlington Heights from neighboring Schaumburg, Illinois. Laurence Elbaum, principal and co-founder and Joel Berger, managing director at Bradford Allen represented The LaSalle Network while Kevin Gillihan, associate, also of Bradford Allen, represented the building’s owner, Iron Horse Partners.
The LaSalle Network’s lease expired in December of 2009, but given the market conditions leading up to that time, the firm chose to postpone lease negotiations. When The LaSalle Network was ready to consider a lease renewal, their landlord was facing foreclosure. The building was subsequently placed into receivership and The LaSalle Network began to incur significant penalties related to its holdover.
“The LaSalle Network went through an extensive search throughout the Schaumburg market,” Elbaum said. “They chose the Arlington Heights property for its exceptional visibility from I-90, easy access, and because the ownership was willing to assume their hold-over costs, reduce their out-of pocket expenses and provide them with the long-term solution necessary to accommodate their operations.”
The LaSalle Network, which maintains additional offices in both Downtown Chicago and Oak Brook, leased approximately 4,000 square feet of space within the five-story, 50,700 square foot Arlington Heights property. The building is situated at the Southeast corner of South Arlington Heights Road and Algonquin Road and adjacent to I-90’s four-way interchange providing easy access to O’Hare International Airport and the area’s extensive business amenities.
About Bradford Allen
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.