Studley to oversee Big Ten’s new 50,000-square-foot headquarters
July 20, 2012
The Big Ten is on the move. The oldest Division I college athletic conference has signed a purchase and development agreement for a 1.5 acre parcel in Rosemont that will house its new 50,000-square-foot headquarters.
The Big Ten, advised by the Chicago office of international real estate services firm Studley, explored several real estate opportunities, including leasing and purchase options, before deciding on a build-to-suit.
... At 50,000 square feet, the Big Ten’s new headquarters will be twice as big as its current location at 1500 W. Higgins in Park Ridge, the athletic conference’s home for the past 20 years. The building will feature a conference center, office space and an officiating command center. In addition, plans call for a 3,500-square-foot “Big Ten Experience,” which will treat guests to high-tech interactive displays celebrating the conference’s history and latest events. The new headquarters is being designed to attain LEED certification. Delivery is scheduled for October 2013. ...
... Accessibility was a key driver in the decision to move to Rosemont. Located within MB Financial Park at Rosemont, a development featuring several hotels and restaurants, the Big Ten will have direct access to a variety of park amenities and O’Hare International Airport. ...
Studley Executive Managing Director Robert Sevim, along with Managing Director Jon Azulay served as the Big Ten’s exclusive real estate advisors while Corporate Managing Director Rich Dale will spearhead project management on the construction side ...
Official closing is set for late August at which time the Studley team will begin marketing the Big Ten’s current 25,000-square-foot headquarters building in Park Ridge for sale.
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