Illinois Real Estate Journal December 2014 : Page 1

VOL.16 NO.12 ©2014 LAW BULLETIN PUBLISHING CO. DECEMBER 2014 DIRECTORIES (pg.24): Top Contractors, Multi-Family Finance, Architects, EDCs, Property Management Firms, Top Developers, Real Estate Law Firms, Financial Institutions, Top Brokerage Firms, Real Estate Investment Firms, Auction Companies, Green Sustainable/Services & Products, Sub-Contractors, Union/Trade Groups/Associations, Advanced Degrees, Interior Design & Space Planning Zurich’s Headquarters: By Bianca N. Herron, Editor A timeless, world-class building I he new 750,000-square-foot Zurich North American Headquarters project is currently underway in Schaumburg, Illinois. This build-ing has been designed and engineered to reflect the company’s world-class stature and global reach. Clayco is the turnkey developer and design-builder on the project, and Stonemont provided fi-nancing as owner/landlord. Clayco and Stonemont special-ize in the development of build-to-suit projects. Goettsch Partners of Chicago is designing the headquarters’ core and shell, along with the parking facility. CannonDesign is the interior architect. This Zurich project is the largest build-to-suit office development in the U.S. in 2014. It’s also the largest build-to-suit office project in the Chicago area since Tellabs By Bianca N. Herron, Editor A Closer Look at Savills Studley’s “Law Firm Employment and Space Trends” Research Report n a recently pub-lished report, Savills Studley Chief Econ-omist, Heidi Learn-er examined the latest trends in law firm space use and why headcount at domestic law firms has slowed. The re-Lisa Davidson search entitled “Law Firm Employment and Space Trends” suggested three main reasons as to why law firms have failed to rebound as quickly as other professional office-using sectors. LEGAL ISSUES FEATURE (continued on page 6) T Inc.’s 820,000-square-foot headquarters in Naperville was completed in 2001, according to Chicago-based Jones Lang LaSalle Inc., which is advising Zurich on the Schaumburg development. With such a massive project, challenges are to be expect-ed. However, Clayco was chosen by Zurich as the developer because the company specializes in both fast-track projects and complex projects, minimizing risk. In an interview with Illinois Real Estate Journal , Trevor Ryor, LEED AP, Regional Director of Construction at Clayco, and Kevin McKenna, Executive Vice President at Clayco, shared the latest details on this project. “One of the biggest challenges we faced was the timeline,” said Ryor. “It’s a very large, geometrically challenging project to build. Just looking at the layout, there are three distinct FEATURE (continued on page 5) PRSRT STD U.S. Postage TWIN CITIES, MN PERMIT NO. 31515 PAID

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