Shlomo Crandus Subleases 200,000 SF Office Space From Kristof Terryn In Schaumburg

The office property located at 1299 Zurich Way in Schaumburg, spanning 200,000 square feet, was involved in a significant lease transaction. The deal took place between landlord Kristof Terryn of Zurich North America and tenant Shlomo Crandus of Wheels. This lease marks the largest suburban Chicago office lease in over two years, benefiting property owner Stonemont Financial and Zurich, and aiding the suburban office market in Schaumburg, which is facing a 31% vacancy rate amidst remote work trends.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1299 Zurich Way
• Market: Schaumburg
• Asset Type: Office
• Square Footage: 200,000
• Landlord: Kristof Terryn - Zurich North America
• Tenant: Shlomo Crandus - Wheels

Shlomo Crandus, representing Wheels, subleased over 200,000 square feet at Zurich North America's Schaumburg headquarters, signing the significant deal. This transaction contributes positively to the real estate landscape in Schaumburg, with both Stonemont Financial and Zurich benefiting from this lease agreement.