Samsung Relocates Regional Offices to Schaumburg & Establishes R&D Lab
Samsung Electronics has signed a seven-year lease for approximately 16,000 square feet of office space at 935 National Parkway in Schaumburg . Samsung will relocate approximately fifty employees from nearby Hoffman Estates and will also establish its American Research Center at this location. The new research & development lab will be used for performance testing of household appliances. Samsung will use the balance of the office space for administrative and sales personnel. The CBRE team of Rob Graham and Lynn Homewood represented the Landlord, Romanek Properties. Dan Benassi and Dan Jones of Entre Commercial Realty represented Samsung in the transaction.
All Power America Signs Long-Term Lease
All Power America, a distributor of backup power generators and small engines, signed a long-term lease on the 51,026 square foot building at 340 Commerce Drive in Crystal Lake . The building features 9,000 square feet of high image office space, precast concrete construction, and ample parking. This is an expansion for All Power America, which is relocating from a 26,000 square foot facility in Aurora . Entre Commercial Realty represented the Tenant in this transaction and the Landlord, Lazzara Properties, was represented by G. Pat Ryan and John Gazzola of Paine/Wetzel ONCOR International.