The asset involved in this transaction is an office property located at 3500 Lacey Road in Downers Grove, Illinois, with a total square footage of 70,000. This lease transaction indicates a strategic move within the suburban office market, demonstrating a lease extension rather than downsizing, which is prevalent in many markets.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 3500 Lacey Road
• Market: Downers Grove
• Landlord: Jack Kim - KORE Investments
• Tenant: Andrew Schlossberg - Invesco
• Brokers: Allyson (Yates) Birchmeier, Chris Cummins & Daniel (Dan) Svachula - JLL

This transaction highlights key parties involved, including Jack Kim representing KORE Investments, who successfully secured the lease extension with Andrew Schlossberg representing Invesco. The brokerage team from JLL played a crucial role in facilitating this lease agreement, which indicates continued confidence in the suburban office market despite ongoing high vacancy rates.