Consumer electronics company will occupy nearly 74,000 square feet
(Chicago, Ill. – October 19, 2011) Philips Electronics, a diversified health and well-being company, and a leader in healthcare, lifestyle and lighting, has signed a long-term lease renewal for 73,753 square feet in Duke Realty’s O’Hare International Center I, where it has been a tenant since 1987. O’Hare International Center I is part of a two-building Class A office complex Duke Realty owns, manages and leases in Rosemont, Ill., just two miles from O’Hare International Airport.
“Philips is a valuable, longstanding tenant and we are pleased that they chose to remain in O’Hare International Center and extend their lease with us,” said Steve Schnur, Senior Vice President of Duke Realty’s Chicago operations. “At Duke Realty, we make every effort to ensure that our customers are satisfied with their properties, and lease renewals are testimony that we are meeting their needs.”
Gregg Raus, Molly Carroll, Jen Wrinkle and Rick Fahey with Jones Lang LaSalle represented Philips Electronics in the transaction, while Josh Robbins, Senior Leasing Representative, represented Duke Realty.
Located at 10275 West Higgins Road just off the Kennedy Expressway and I-294, O’Hare International Center includes two nine-story buildings each with approximately 258,000 square feet. The office complex features a 143-seat auditorium and structured, covered parking. Also located on the premises are Nick’s Fishmarket and Harry Caray’s Restaurant, as well as several lodging options.
Office space is still available for lease in Duke Realty’s O’Hare International Center. For information about these buildings or any of Duke Realty’s properties in the Chicago area, please call 847.232.5400.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages, or has under development more than 11 million square feet of office, industrial and healthcare properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 9377 West Higgins Road, Suite 600 in Rosemont.
Duke Realty owns and operates approximately 141 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.
– 30 –
Editor’s Note: Please contact Duke Realty’s communications team at firstname.lastname@example.org if a photograph of O’Hare International Center I is needed.