Downers Grove Tops List of Largest Suburban Lease Transactions

by / Wednesday, 29 February 2012 / Published in Press Releases

FOR IMMEDIATE RELEASE
February 29, 2012

Downers Grove Tops List of Largest Suburban Lease Transactions

Downers Grove, Illinois- The Downers Grove Economic Development Corporation announced today that two of the three largest lease transactions in the Chicago suburbs in the Fourth Quarter of2011 were in Downers Grove. The lease transactions were with JP Morgan Chase & Co. and HA VI Global Solutions LLC.
“Our community continues to be one of the premier locations for corporate headquarters and large office development projects” said Downers Grove Mayor Martin
Tully.
JP Morgan Chase extended their lease at 3050 Highland Parkway, located in the Highland Landmark office park. JP Morgan Chase, based in New York, NY, is a
worldwide leader in banking, financial services, transaction processing, asset management and private equity. The lease is for 173,000 sq. ft., making it the largest
lease transaction in the Chicago Suburban Market for the most recent quarter.

HA VI Global Solutions LLC signed a lease for a new world headquarters at 3500 Lacey Road, located in Esplanade at Locust Point. HA VI Global Solutions is a world
leader in packaging services, supply chain analytics, merchandising planning and promotions management. The company has offices throughout Europe, Asia, and Latin
America. The lease is for 140,000 sq. ft., making it the third largest lease transaction in the Chicago Suburban Market in the Fourth Quarter of 2011.
“JP Morgan Chase and HA VI Global Solutions are world class companies and we are proud to have them in Downers Grove” said Michael Cassa, President of the Downers
Grove Economic Development Corporation.

The Downers Grove Economic Development Corporation is a public/private partnership that facilitates the retention and attraction of business in Downers Grove.

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