Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for 1 Tower Lane (Oakbrook Terrace Tower) in Oakbrook Terrace, Illinois, the tallest building in the state outside of Chicago.
“We are thrilled to be working with Equity Office and The Blackstone Group, on this prominent Oakbrook Terrace asset,” said John Clark, senior managing director in NGKF’s Chicago office. “Ownership’s prestigious and proven track record combined with their vision and commitment to excellence will quickly bring this iconic building to its full potential.” Clark will lead NGKF’s brokerage team along with Rob Lundin, senior managing director and John Norris, managing director.
Oakbrook Terrace Tower is a Class A, 792,192-square-foot office building located in the western suburbs of Chicago. Built in 1987, the 31-story property was designed by the renowned architect Helmut Jahn and displays the architect’s trademarks, including horizontal stripes and a blue glass facade. Oakbrook Terrace Tower features a five-story lobby boasting Italian marble, expansive views of the western suburbs and downtown Chicago, a fitness center, conference center, food service, on-site management, on-site security and an executive underground garage. The property also offers easy access to O’Hare airport, downtown Chicago and is just minutes from the Oakbrook mall.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.