The property asset involved is an office space located at 3250 Lacey Road in Downers Grove, Illinois. The lease covers a total area of 47,714 square feet. The space will serve as the new headquarters for NEC Display Solutions of America and includes a 6,000-square-foot technology showcase and demo facility, as well as a 5,000-square-foot research and development lab. NEC Display Solutions is transitioning from a previous office space of 40,000 square feet located in Itasca, Illinois.

Summary of transaction details:

• Property Type: Office Lease
• Transaction Amount: Not disclosed
• Address: 3250 Lacey Rd, Downers Grove, IL
• Tenant: NEC Display Solutions of America
• Landlord: Hamilton Partners
• Tenant's Representatives: Matthew Frazee - Newmark Knight Frank, Chad Freese, Jonathan Springer - CBRE
• Landlord's Representative: Phil Sheridan - CBRE
• Square Feet: 47,714

Chad Freese and Jonathan Springer, along with Matthew Frazee from Newmark Knight Frank, played key roles in representing the tenant, NEC Display Solutions of America, during the lease transaction. Phil Sheridan from CBRE represented the landlord, Hamilton Partners, in this agreement.