If leasing due diligence is like passing through airport security, one could say that tenants usually endure the equivalent of full-body scans and pat-downs while landlords sail through the “fast lane.” Historically, prospective office and industrial tenants have undergone close scrutiny from developers and landlords to assess their creditworthiness.
Duke Realty Corporation’s (Duke Realty) Chicago office announces that Follett Higher Education Group (Follett), a division of Follett Corporation that operates college bookstores in the United States and Canada, has entered into a long-term lease of Butterfield 550, its 551,200-square foot warehouse/distribution building in Aurora, Ill.
During tough economic times, the first reaction of many companies is to cut spending, which often means cutting marketing. That’s because marketing often is considered an unnecessary expense, especially when “nobody’s leasing space anyway.”
Duke Realty Corporation’s (Duke Realty) Chicago office announces that it has leased 23,404 square feet in West Lake at Conway, a Class A suburban office building it owns and manages in Lake Forest, Ill., to Omron Healthcare, a medical products distribution company.