home « HSA news « HSA news « recent press release « article
HSA commercial real estate'S WAYNE SHULMAN CRAFTS TWO LEASES FOR CHICAGO-BASED WEB DEVELOPMENT FIRM
February 21, 2006
(Chicago – February 21, 2006) HSA Commercial Real Estate's Wayne Shulman, senior vice president, corporate real estate services division, represented all parties in negotiating two leases for AmericanEagle.com, a premier web development firm.
- In the first transaction, Shulman represented JP Morgan Chase, ownership of 1 S. Northwest Highway, Park Ridge, Ill., and AmericanEagle.com in putting together a 8,633-square foot lease expansion at the historic downtown Park Ridge office building. Shulman originally put AmericanEagle.com into 18,129-square feet of space in the building, but because of their growing business more room was needed. AmericanEagle.com, with clients as diverse as The Chicago Blackhawks, the Chicago Transit Authority, the Chicago Auto Show and the Cincinnati Bengals, will use the space for its corporate headquarters. 1 S. Northwest Highway was built in 1910 and is considered the most highly visible building in this northwest suburb. Shulman is the exclusive leasing agent for the property.
- Shulman also put together a deal with AmericanEagle.com and American Financial Realty Trust to lease 1,913-square feet of space at 540 W. Lake Street, Addison, Ill., for a data backup center. Formerly a St. Paul Federal data center, American Financial Realty Trust purchased the property as part of a multi-building portfolio acquired last year from Charter One Bank. They have hired Shulman as their exclusive leasing agent for these properties located across the Chicago metropolitan area.
Celebrating 25 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate across the United States with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 7,000 transactions in 43 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 15 million square feet in 11 states.
###
back to top