Leading Global Sterilization Company Extends Commitment to Itasca
Sterigenics Signs Long-term Extension and Secures Building Upgrades
Chicago, IL (October 30, 2013)
Sterigenics International, LLC., a global leader in sterilization services, signed a long-term lease extension for 24,903 RSF at 1500 Thorndale in Itasca, Illinois, continuing its occupancy of the entire building.
Corporate Managing Director, Jon Azulay and Executive Managing Director, Robert Sevim of global commercial real estate services firm, Studley, represented Sterigenics in the negotiation.
According to Sevim, “this extended commitment came in part because of the building’s agreement to reduce Sterigenics’ operating costs, modernize and upgrade its infrastructure and to improve the cosmetics of the existing building.”
About Sterigenics International
Sterigenics International, LLC. is a portfolio company of GTCR, a Chicago-based private equity firm. Headquartered in the Chicago suburb of Oak Brook, IL, Sterigenics International, LLC. is the only company in the world to offer technology in all leading sterilization modalities, including: gamma, ethylene oxide, electron beam and X-ray. The company has more than 1,300 employees and operates 39 service centers in North America, Europe and Asia. www.sterigenics.com
Studley is the leading global commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with over 60 offices worldwide, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. For more information, please visit www.studley.com.