Suburban Moves Becoming More Common
January 29, 2015

GCG Financial and Coldwell Banker both recently signed long-term leases for office spaces at 3 Parkway North Blvd. in suburban Deerfield's Parkway North Center. The deals are yet another sign that the economic recovery is encouraging suburban office users to upgrade their space, especially if they can secure the modern amenities that employees increasingly expect.

GCG anticipates future growth and will leave its 31,544-square-foot national headquarters in nearby Bannockburn and relocate into 36,810-square-feet at 3 Parkway North. And Coldwell has decided to move both its home office in Chicago and its NRT central region headquarters from suburban Northbrook to 25,446-square-feet at 3 Parkway North. Both plan to relocate during the first quarter of 2015.

“It was really about the amenities for GCG employees,” Jonathan Metzl of Savills Studley’s Chicago office tells, and Coldwell was attracted for the same reason. Along with John Goodman, also of the Chicago office, and Brian Netzky of Interstate Tenant, he represented GCG in their lease negotiation. Goodman and Metzl co-brokered the Coldwell transaction with its in-house broker Jordan Schnoll. John Clark of NGKF represented the landlord, The John Buck Company, in both transactions and Rich Dale of Savills Studley served as the project manager for both clients...

Suburban Moves Becoming More Common

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