Through our strategic negotiation, ALA is able to recognize immediate savings, while gaining an updated, more efficient floor plate in a central location easily accessible to public transportation and O’Hare, which is useful for retention and recruiting.
Chicago, IL (PRWEB) February 11, 2015
Savills Studley announces that the Association of Legal Administrators (ALA), an international association based in Lincolnshire, Illinois, will relocate its headquarter operation from 75 Tri State International to nearly 10,000 square feet of the first floor of 8700 West Bryn Mawr in Chicago’s O’Hare submarket. ALA will move into their new on space April 1, 2015.
Corporate Managing Director, Jon Azulay of Savills Studley, negotiated the leasing terms for the organization. Dave Trumpy of GlenStar Properties represented the landlord, Prudential.
According to Azulay, ALA’s current landlord, Principal, was going to relocate the company because of an incoming tenant. Savills Studley was able to negotiate a successful termination agreement with the landlord that allows ALA to vacate the complex and move to a new space in the location and layout of their choosing. A healthy concession package was negotiated which helped facilitate the transaction and allow ALA to build out their new space cost effectively: “Through our strategic negotiation, ALA is able to recognize immediate savings, while gaining an updated and more efficient floor plate in a central location easily accessible to public transportation and O’Hare, which is useful in the company’s retention and recruitment efforts.”
Azulay adds that, “ALA’s new space is very open, encouraging a collaborative environment and room for growth. In addition, the first floor location gives the organization prominent identification on the lobby level of the building. Presidents Plaza is an amenity rich complex which ALA will greatly benefit from.”
About the Association of Legal Administrators (ALA)
ALA is focused on the delivery of cutting-edge management and leadership products and services to the global legal community. It identifies and provides solutions to the most critical strategic and operational challenges its members and customers face today, and prepares them for the opportunities and challenges of tomorrow. For more information on ALA, visit http://alanet.org
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.