Network Services Co. Leases Office Space In Schaumburg For $17.5/ft

An office space located at 1400 American Lane in Schaumburg has been leased. The property, spanning 40,000 square feet, was leased by Network Services Co. The lease transaction was facilitated by Steve Kling and David Florent of Colliers, representing the landlord, American Landmark Properties. James Otto and Hank Cox of CBRE represented Network Services Co. in the deal. The lease was finalized on February 10, 2023, with an asking rent of $17.5 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Lease
• Address: 1400 American Lane, Schaumburg
• Market: Schaumburg
• Landlord: American Landmark Properties
• Tenant: Network Services Co.
• Landlord's Representative: Steve Kling and David Florent - Colliers
• Tenant's Representative: James Otto and Hank Cox - CBRE
• Asking Rent: $17.5 per square foot
• Square Footage: 40,000

The transaction involved the lease of an office space located at 1400 American Lane in Schaumburg. The tenant, Network Services Co., was represented by James Otto and Hank Cox of CBRE. On the other side, the landlord, American Landmark Properties, was represented by Steve Kling and David Florent of Colliers. The lease was finalized on February 10, 2023, with an asking rent of $17.5 per square foot.