MB Real Estate's Rose and Kimball Complete Headquarter Relocation for Nationwide Acceptance LLC Near O'Hare
CHICAGO — Monday, October 12, 2015 – MB Real Estate (MBRE) is pleased to announce that Pamela Rose, senior vice president, and David Kimball, assistant vice president, have completed two long-term leases for Nationwide Acceptance LLC, including a 21,953 square foot headquarters lease in Rosemont, Illinois, and an 8,400 square foot lease in Elgin, Illinois.
Nationwide Acceptance LLC is a leading sub-prime auto lender, comprised of a group of financial services companies and owned by a subsidiary of Prospect Capital Corporation (NASDAQ: PSEC) with net assets over $6 billion. Nationwide selected MBRE to identify relocation options for the firm’s headquarters and suburban Chicago office locations.
“After thoroughly evaluating Nationwide’s requirements, we identified several relocation options convenient to both its employees and customers,” said Rose. “Through a competitive lease negotiation process, David and I delivered Nationwide office space that is more productive and conducive to their long-term workplace strategy, while still achieving a considerable cost reduction.”
Rose and Kimball completed a 21,953 square foot lease at 10255 W. Higgins in Rosemont, Illinois. Nationwide will relocate its headquarters to Rosemont in early 2016, from 3435 N. Cicero in Chicago where it currently leases 31,353 square feet. The new headquarters space offers Nationwide close proximity to O’Hare, several public transportation options and numerous property amenities. Josh Robbins of CBRE represented building ownership.
“The Rosemont space provides Nationwide with the flexibility to grow their expanding business,” said Kimball. “In addition to providing space for future expansion, the large floor plates enabled Nationwide to space plan efficiently and reduce its footprint, while increasing the number of employees at its headquarters office.”
Rose and Kimball also completed an 8,400 square foot long-term lease for Nationwide at 890 N. State Street in Elgin, Illinois. Requiring a more efficient space for growing operations, the firm relocated from another property in Elgin earlier this year. Nationwide was able minimize its out of pocket costs by reutilizing existing high-end conditions, as well as increase its visibility in the community with prominent building signage. Ownership was represented by Jack Reardon of NAI Hiffman.
About MB Real Estate Services Inc.
Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; and Investment Services. Headquartered in Chicago, with regional offices in New York, Atlanta and Denver, MB Real Estate provides these services to corporations, institutions, professional organizations, private investors, and non-profit agencies. For more information, please visit www.mbres.com.