Chicago-based Glenstar has executed three leases totaling 100,000 square feet at Presidents Plaza, a two-tower, 831,442-square-foot office complex at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport.
The lease agreements follow the October 2024 sale of the property to a joint venture of Glenstar and a private investor. In April, Glenstar signed a 40,000-square-foot office lease at Presidents Plaza with FM, a global commercial property insurance and loss prevention company that will relocate its regional office to Presidents Plaza from Park Ridge.
Glenstar also executed a 40,000-square-foot lease with Do It Best, the Fort Wayne, Ind.-based home improvement retailer that acquired True Value last year. In the third transaction, current tenant Meitheal Pharmaceuticals, a biopharmaceutical company, signed a 20,000-square-foot expansion lease that doubles its footprint to 40,000 square feet.
Presidents Plaza is centrally located at the four-way intersection of Cumberland Avenue and Interstate 90. The property is also surrounded by numerous retail, restaurant, entertainment and hospitality offerings.
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