Cushman & Wakefield Inks Headquarters Lease for 3D Exhibits in Schaumburg, Ill.
SCHAUMBURG, Ill., Aug. 29, 2013 - 3D Exhibits, Inc. has signed a long-term lease for a 250,000-square-foot headquarters located at 798-800 Albion Ave. in Schaumburg, Illinois, announced commercial real estate services firm Cushman & Wakefield. The full-building lease marks a consolidation and expansion move for the corporate exhibit and events company; it also represents the largest industrial transaction completed in the Village of Schaumburg in the last three years.
Cushman & Wakefield industrial leasing specialists Christopher Lydon, SIOR, and Britt Casey of the firm's Rosemont, Ill., office represented 3D Exhibits in the transaction. Rick Daly and Adam Haefner of Darwin Realty served as brokers for the building's owner, an institutional pension fund advisor.
3D Exhibits delivers services on a global basis. Its services include exhibit design, build and management; special events planning, and trade show and event marketing. Founded in 1995, the rapidly growing company has offices located in Las Vegas, Indianapolis, Delaware, and Elk Grove Village, Illinois. It will relocate to its new address from nearby Elk Grove Village.
"Schaumburg was a great choice in terms of accommodating 3D Exhibits' current employee base, and this building has tremendous access from the Elgin-O'Hare Expressway," stated Gene Faut, President of 3D Exhibits, Inc. "Additionally, the Village of Schaumburg displayed a strong desire to work with 3D and was very accommodating throughout the entire process. The Village, along with Cook County, approved the Class 6B tax provision, which provides real estate tax savings throughout the lease term."
Schaumburg Village President Al Larson noted that the lease effectively fills what had been the largest local industrial vacancy. "A company of 3D Exhibits' caliber will be a great addition to the 13 million square feet of industrial space in Schaumburg," he said. "The company will be bringing over 100 jobs while investing in our community. 3D Exhibits' involvement with charities such as Habitat for Humanity, Toys for Tots, and others show a quality corporate citizen that Schaumburg fully supports."
Lydon noted that the landlord's creativity and cooperation throughout the process was vital in drawing 3D Exhibits to the location. "Our client is growing rapidly and anticipates the need for additional expansion in the near future," he explained. "To help secure the deal, the landlord agreed to purchase an adjacent, 2.2-acre property, which will accommodate the anticipated future growth that 3D envisions."
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2012, in the U.S. alone, this group completed more than 7,020 industrial real estate transactions - totaling 261 million square feet - with an aggregate value in excess of $8.43 billion.