Insurer will now occupy more than 150,000 square feet in Downers Grove
(Chicago, Ill. – Sept. 21, 2011) Duke Realty Corporation’s (Duke Realty) Chicago office has announced that State Farm will now occupy 69 percent of its nine-story office building located at 1400 Opus Place in Downers Grove, Ill. The leading auto and home insurer in the United States renewed its 71,876-square foot lease and is expanding into another 82,017 square feet in the Executive Towers III office building. With its new lease, State Farm will occupy 153,893 square feet.
“Duke Realty is pleased that State Farm not only has remained in a Duke Realty property, but also has increased its leased space,” said Steve Schnur, Senior Vice President of Duke Realty’s Chicago operations. “I believe lease renewals are the best expression of mutual satisfaction for tenants and property owners. State Farm’s extension of its long-term relationship with Duke Realty is very gratifying for our company.”
Aasif Bade of Ambrose Property Group in Indianapolis represented State Farm in the transaction, while Josh Robbins, Senior Leasing Representative in Duke Realty’s Chicago office, represented the landlord.
Executive Towers III is one of a three Class A buildings in Duke Realty’s 650,000-square foot office campus located just west of I-299 at I-355 and I-88 with direct access to I-88 going west. The three buildings are immediately adjacent to a Marriott Suites Hotel which offers conference and health facilities.
Office space is still available for lease in Duke Realty’s Executive Towers. For information about these buildings or any of Duke Realty’s properties in the Chicago area, please call 847.232.5400.
About Duke Realty
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.
About State Farm
State Farm and its affiliates are the largest providers of car insurance in the U.S. and a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 66,000 employees serve 81 million policies and accounts – more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 37 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.
Editor’s Note: Please contact Duke Realty’s Communications department at email@example.com if an image of Executive Towers III is needed.