New Four-Level Garage Will Serve CDW’S New Lincolnshire Location on Tri-State Parkway
CHICAGO, IL – Trammell Crow Company, on behalf of Principal Real Estate Investors, has completed the development process necessary for CDW to move its corporate headquarters to 25 Tri-State Parkway and 75 Tri-State Parkway in Lincolnshire. Beginning in 2013, Trammell Crow Company, Principal Real Estate Investors, their brokerage team at Colliers International, and CDW’s brokerage team at CBRE, Inc., worked together to reshape the existing buildings and parking capacity to accommodate CDW’s requirement.
Among the improvements being made to the property, Trammell Crow Company will oversee the construction of a new 925-stall, four-level parking garage adjacent to the buildings. CDW, a leading provider of integrated information technology solutions, will occupy the two connecting four-story office buildings in late 2015. Construction activities associated with the improvements is scheduled to begin in May 2015.
“We’re grateful for the role Trammell Crow Company provided in this transaction,” said Dave Straka Investment Director with Principal Real Estate Investors. “On behalf of Principal, CDW and the entire team, TCC navigated a complicated entitlement process and served a key role in working with the Village of Lincolnshire, ensuring this new location would provide CDW with all the employee amenities it required.”
The new parking garage will sit on the east side of 25 Tri-State Parkway and 75 Tri-State Parkway and replace a surface parking lot.
“We are pleased to have been a part of the team that brought CDW to Lincolnshire,” said
Grady Hamilton, Principal and leader of Trammell Crow Company’s
Chicago Business Unit. “We are grateful for the efforts of the Village of Lincolnshire’s staff and elected officials, Lisa Konieczka, Bob Reaumond and Rob Weber, with CBRE, who represented CDW, our client, Principal Real Estate Investors, their brokers at Colliers International, and, of course, CDW’s team for believing in this outcome. We look forward to managing the improvements to the complex and preparing for CDW’s occupancy in late-2015.”
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired nearly 2,600 buildings valued at nearly $60 billion and over 540 million square feet. As of December 31, 2014, Trammell Crow Company had $5.5 billion of projects in process and $4.0 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The Company serves users of and investors in office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development, or providing incentive-based fee development services.
Trammell Crow Company is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). For more information visit www.TrammellCrow.com.
