{"id":1004040883,"date":"2012-06-07T06:53:54","date_gmt":"2012-06-07T14:53:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004039881"},"modified":"2022-12-04T20:42:55","modified_gmt":"2022-12-05T04:42:55","slug":"pharma-firm-astellas-opens-150m-446-ksf-hq-near-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pharma-firm-astellas-opens-150m-446-ksf-hq-near-chicago\/","title":{"rendered":"Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago"},"content":{"rendered":"<p><strong>By Nicholas Ziegler, News Editor<\/strong><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/060712-Astellas-HQ-Northbrook.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/060712-Astellas-HQ-Northbrook.jpg\" alt=\"\" title=\"060712 - Astellas HQ Northbrook\" width=\"300\" height=\"143\" class=\"alignright size-medium wp-image-1004039882\" \/><\/a><\/p>\n<p>MB Real Estate is having a busy week. Just a few days after inking a deal to serve as leasing manager for five properties in the Chicago area &#8212; <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/midwest\/mb-real-estate-inks-leasing-deal-for-more-than-4-msf-of-chicago-office-space\/\">spanning more than 4 million square feet of office space<\/a> &#8212; the firm has announced the completion of the $150 million, 446,000-square-foot Headquarters for the Americas facility for Astellas Pharma U.S. Inc. in nearby Northbrook, Ill.<\/p>\n<p>Calling the building a significant project for Chicago&#8217;s suburban marketplace that was started in a down market, Andrew Davidson, executive vice president &amp; managing director of MB&#8217;s corporate services group, was pleased with the outcome. The resulting project is a completely unique, trophy property that captures Astellas&#8217; vision of \u2018changing tomorrow&#8217; for patients around the globe, he said.<\/p>\n<p>The project was created with a build-to-suit development that allowed Astellas to expand the complex&#8217;s scope to include a covered parking structure and a high-tech conference center. Goettsch Partners was the architect, and Power Construction Co. L.L.C. served as general contractor. The building was constructed to LEED Gold standards.<\/p>\n<p>Illinois Gov. Pat Quinn called the project a win for the state, noting that the employer will create approximately 150 jobs and that he is committed to establishing Illinois as a leading hub of life sciences.<\/p>\n<p>The new corporate headquarters will include two seven-story buildings that span 446,000 square feet, 160,000 more square feet than the company had at its former location in Deerfield, Ill.<\/p>\n<p>The timing of this project was fortuitous, because Astellas was able to acquire the site at a discounted price and build a project at a cost that was 20 percent less than other notable projects of this caliber, David Graff,\u00a0senior vice president of Project Services, who worked closely with Astellas and the construction team, said.<\/p>\n<p>Astellas, the U.S. affiliate of its Tokyo-based parent company, employs more than 2,300 and markets pharmaceutical products for cardiology, dermatology and oncology care.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hot on the heels of a large leasing agreement, MB Real Estate has helped on the construction of a $150 million headquarters for Astellas Pharma in Northbrook, Ill., a project that won the praises of Illinois Gov. Pat Quinn.<\/p>\n","protected":false},"author":1201,"featured_media":1004044075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21782,21808,13,21742,21747],"tags":[],"class_list":["post-1004040883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-development","category-featured","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pharma-firm-astellas-opens-150m-446-ksf-hq-near-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago\" \/>\n<meta property=\"og:description\" content=\"Hot on the heels of a large leasing agreement, MB Real Estate has helped on the construction of a $150 million headquarters for Astellas Pharma in Northbrook, Ill., a project that won the praises of Illinois Gov. 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