Claire’s Signs 43,200 Square Foot Lease At Columbia Centre III In Rosemont With Rialto Capital

The asset involved in this transaction is an office property located at 9525 Bryn Mawr Avenue, Rosemont, encompassing a total of 43,200 square feet. This property is currently managed by Rialto Capital, and it is undergoing a transition as it is coming out of loan distress.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Landlord: Jeff Krasnoff - Rialto Capital
• Tenant: Chris Cramer - Claire’s
• Landlord's Representative: Joe Stevens & Steven Degodny - Transwestern
• Tenant's Representatives: Sean Moran & John Clark - Newmark; Spence Mehl - RCS Real Estate Advisors

Claire’s has signed a lease to occupy the entire 43,200 square feet at Columbia Centre III, with plans to relocate its headquarters from Hoffman Estates the following year. The move is part of a strategy to establish a more contemporary workspace following the company's bankruptcy restructuring, while also aiding in increasing the occupancy rate of the office property.