A Fresh Take on CRE

CHI Weekly Comp Digest: Securitas Renews and Expands at 1333 Butterfied Road, CSP Business Media Signs for 11 Years in Oakbrook Terrace Tower

Every Wednesday, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
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Securitas Renews and Expands at 1333 Butterfied Road 
 
Securitas Security Services USA renewed and expanded at 1333 Butterfield Road in Downers Grove. The security company will pay starting rent in the mid-$20s PSF for the 16,479 SF space. The term of the lease is six years and three months and includes three months of free rent. Colliers represented Securitas in the transaction. In addition to the renewal/expansion in Downers Grove, Securitas also renewed its office space at 150 South Wacker.
388 Market
Anderson Pest Signs at the Corporate Plaza in Elmhurst 
  Anderson Pest Control signed a new lease at the Corporate Plaza of Elmhurst at 501 West Lake Street in Elmhurst. The pest control company will pay starting rent in the low-$10s PSF for the 9,829 SF space. The term of the lease is one year and five months. The landlord, Bridge Development Partners, was represented by NAI Hiffman's Jeff Fischer, Dan O'Neill and Steve Connolly.
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CSP Business Media Signs for 11 in Oakbrook Terrace Tower 
  CSP Business Media signed a new lease at 1 Tower Lane in the Oakbrook Terrace Tower. The media firm will pay rent in the high-$10s PSF for the 13,398 SF space. The term of the lease is 11 years, and it includes one year of free rent. The Oakbrook Terrace Tower is the tallest building between Chicago and the Rocky Mountains.