{"id":1004195238,"date":"2017-10-30T04:39:18","date_gmt":"2017-10-30T12:39:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195238"},"modified":"2022-12-07T00:24:01","modified_gmt":"2022-12-07T08:24:01","slug":"cbre-arranges-hq-relocation-for-nec-display-solutions","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-hq-relocation-for-nec-display-solutions\/","title":{"rendered":"CBRE Arranges HQ Relocation for NEC Display Solutions"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004195239\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004195239\" data-attachment-id=\"1004195239\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-hq-relocation-for-nec-display-solutions\/3250-lacey-road-downers-grove-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3250 Lacey Road, Downers Grove, Ill.\" data-image-description=\"&lt;p&gt;3250 Lacey Road, Downers Grove, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;3250 Lacey Road, Downers Grove, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png?w=800\" loading=\"lazy\" class=\"wp-image-1004195239 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png\" alt=\"3250 Lacey Road, Downers Grove, Ill.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195239\" class=\"wp-caption-text\">3250 Lacey Road, Downers Grove, Ill.<\/p><\/div>\n<p>CBRE negotiated a 47,714-square-foot office lease in Downers Grove, Ill., for NEC Display Solutions of America Inc. The company plans to move its current headquarters located in Itasca, Ill., to the new office once build-outs finalize.<\/p>\n<p>The previous office, located at 500 Park Blvd.,\u00a0was 40,000 square feet\u00a0in size. The larger space at 3250 Lacey Road was\u00a0will include a 6,000-square-foot technology showcase and demo facility and a 5,000-square-foot research and development lab.<\/p>\n<p>\u201c<em>The new space will align better with our mission as a leading technology firm. It will provide a more modern, efficient office layout that will boost employee collaboration and spark innovation. I am especially excited about our new executive briefing center, which will enhance our engagement with partners and customers by showcasing real-world vertical applications and solutions,<\/em>\u201d said Todd Bouman, president &amp; CEO at NEC Display Solutions, in prepared remarks.<\/p>\n<p>Executive Vice Presidents Chad Freeze and Jon Springer, Senior Vice President\u00a0Paul Diederich and\u00a0Real Estate Advisor\u00a0Matthew Frazee of CBRE represented the tenant in the office lease. Hamilton Partners, the landlord, was represented in-house by Partner Philip Sheridan.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will leave its Itasca office for a larger space in Downers Grove, Ill. The new facility will include a showcase and demo section and a research and development lab. <\/p>\n","protected":false},"author":1064,"featured_media":1004195239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,21743,13,21742,21747],"tags":[32789,37866],"class_list":["post-1004195238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-deals","category-midwest","category-latest","category-office","tag-cbre","tag-hamilton-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBRE Arranges HQ Relocation for NEC Display Solutions - 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\/cbre-arranges-hq-relocation-for-nec-display-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges HQ Relocation for NEC Display Solutions\" \/>\n<meta property=\"og:description\" content=\"The company will leave its Itasca office for a larger space in Downers Grove, Ill. The new facility will include a showcase and demo section and a research and development lab.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-hq-relocation-for-nec-display-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-30T12:39:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T08:24:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/3250-Lacey-Road-Downers-Grove-Ill..png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fea14f28ef4cea0e4f36b0516e632ebb\"},\"headline\":\"CBRE Arranges HQ Relocation for NEC Display Solutions\",\"datePublished\":\"2017-10-30T12:39:18+00:00\",\"dateModified\":\"2022-12-07T08:24:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/\"},\"wordCount\":208,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/10\\\/3250-Lacey-Road-Downers-Grove-Ill..png\",\"keywords\":[\"CBRE\",\"Hamilton Partners\"],\"articleSection\":[\"Brokerage\",\"Corporate Real Estate\",\"Deals\",\"Midwest\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-hq-relocation-for-nec-display-solutions\\\/\",\"name\":\"CBRE Arranges HQ Relocation for NEC Display Solutions - 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