Citigroup Leases 49,400 SF Office Space At Schaumburg Corporate Center, Illinois

The Schaumburg Corporate Center in Illinois has secured a new tenant for its office space. Citigroup, represented by Jane Fraser, will be leasing 49,400 sq. ft. of office space from Glenstar after its current lease expires. The property, which was acquired by Glenstar in 2017 and underwent renovations, is now approximately 70% occupied. The office space is located at 1515 East Woodfield Road in Schaumburg.

Summary of transaction details

• Property Type: Office
• Asking Rent: $16.50/ft.
• Square Footage: 49,400 sq. ft.
• Date: 08/08/2023
• Market: Schaumburg
• Landlord: Glenstar
• Tenant: Citigroup - Jane Fraser

Citigroup, represented by Jane Fraser, has chosen to lease office space at the Schaumburg Corporate Center once their current lease expires. The property, owned by Glenstar, offers a prime location in Schaumburg and has undergone renovations to provide a modern and comfortable work environment. With Citigroup's decision to secure 49,400 sq. ft. of office space, the property is further filling its occupancy and establishing itself as a desirable commercial destination in the area.