The tenant improvements and other favorable lease provisions will allow Fieldwork to maintain a state-of-the-art headquarters in Chicago reflective of its status as a leader in the market research field.
Chicago, IL (PRWEB) December 12, 2014
Fieldwork, Inc., a world-class provider of market research services and focus group facilities, announces it will extend its commitment at 111 East Wacker Drive. With a little less than two years remaining on its current lease, the company has decided to sign an early renewal of its 16,041 square feet of space for the long term. Fieldwork has occupied the 2nd floor of the building for the last nine years, which functions as the company’s national headquarters and its downtown Chicago focus group space.
Terry Mostrom and Jon Azulay of global commercial real estate services firm, Savills Studley, co-brokered the transaction with Craig Levine of Washington Partners, both representing Fieldwork. The team has advised the company on its space in Schaumburg and O’Hare as well. Monica Moore of JLL represented the landlord, Equity Commonwealth REIT in this agreement.
According to Mostrom, Savills Studley and Washington Partners were able to negotiate a lease structure that protected Fieldwork’s existing attractive rate. “We secured a large concession package that enables Fieldwork to upgrade, refurbish and enhance its space. If they waited another year, the terms would be less desirable.”
Azulay adds, “The tenant improvements and other favorable lease provisions will allow Fieldwork to maintain a state-of-the-art headquarters in Chicago reflective of its status as a leader in the market research field.”
About Fieldwork, Inc.
Fieldwork has been a leader in world-class marketing research services and facilities for over 30 years. Fieldwork offers a family of 16 beautiful facilities located in 12 markets coast to coast. Each is superbly equipped to provide cutting-edge technology, award-winning recruiting, and our famous Fieldwork hospitality. http://www.fieldwork.com.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 25 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit http://www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.
# # #