International commercial real estate services firm Studley represented BCS Financial Corporation in the expansion of its corporate headquarters at 2 Mid America Plaza, where it is now the largest tenant in the building.
As part of a business-wide growth strategy, BCS Financial, a multiple-line insurance company that provides life, property, casualty and health insurance products to Blue Cross and Blue Shield plans, employees providers and agents, took an additional 11,000 square feet at the 203,595-square-foot property, increasing the size of its offices there by more than one-third. The company now occupies the entire second floor and part of the third floor, comprising roughly 43,000 square feet in total.
2 Mid America Plaza is one of two granite-clad, Class A office buildings located on Route 83 in suburban Oakbrook Terrace, directly across from the Oakbrook Center Mall and 18 miles from downtown Chicago. Owned by the Teachers Retirement System of the State of Illinois and managed by KBS Realty Advisors, the complex offers multiple landscaped terraces, 24-hour security, ATM facilities and free covered parking.
Studley Senior Managing Directors Lyle Levin and Kevin McLennan negotiated the transaction on behalf of BCS Financial. Pete Adamo and William Elwood of CB Richard Ellis represented the landlord.
"BCS Financial has been a client of Studley's for over 15 years, and the company was seeking to upgrade its existing space to a 'best-in-class' standard, while expanding to accommodate headcount growth," said Mr. Levin. "We were very pleased to be able to renegotiate the lease so that our client can continue to grow the business at this excellent location."