Takeda Pharmaceuticals Expands Lease By 80,000 Square Feet At Innovation Park In Libertyville

The property asset involved in the transaction is located at 1910 Innovation Way in Libertyville. The asset is categorized as an office space with a total square footage of 80,000, which is part of the former Motorola campus.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 1910 Innovation Way
• Market: Libertyville
• Landlord: Matt Garrison - R2 Companies
• Co-Landlord: Jeff Aeder - JDI Realty
• Tenant: Christophe Weber - Takeda Pharmaceuticals

Takeda Pharmaceuticals has expanded its lease at Innovation Park Lake County, increasing its total footprint to 105,673 square feet. The expansion highlights the property's attractiveness for life sciences tenants, even as R2 and JDI Realty anticipate a significant vacancy later this year due to Medline Industries.