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1450 American Ln

Schaumburg, IL
Floors
20
Total Size
447,709 sqft
Year Constructed
1988
Building Class
A
Close Highway(s)
I-90, I-290, I-355

Current Availabilities

Nov 11
ago
Office
  • Max Size: 572,510 sqft
  • Min Size: 15,820 sqft

Zurich Towers

The Zurich Towers property consists of two, 20-story, Class A office buildings with 882,000 square feet. The property was built in 1986 and most recently renovated in 2004. The towers currently serve as the headquarters for Zurich American Insurance Company, the sole lessee of the property. The towers offer unobstructed views of the downtown Chicago skyline, a nearby 3,700 acre nature preserve and the greater Schaumburg area.  The property is located directly opposite the 2.25-million-SF Woodfield Mall, which is a regional mall in northwest suburban Chicago.  Zurich Towers has good access to nearby I-90, I-355 toll road and the I-290 expressway and is one of the tallest, most visible structures in the submarket. Chicago O'Hare is approximately 10 miles away.

 

Listing agent for this listing
Steve Kling, Colliers International

Internet Providers for 1450 American Ln

Provider Technology Max Download Speed Max Upload Speed
Zayo Broadband Fiber
10 Gb/s
10 Gb/s
MegaPath Corporation DSL
50 Mb/s
50 Mb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s

The City: Schaumburg

On average, listings lease in the $10's per square foot per year. The Schaumburg region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.

Compared to the rest of the Chicagoland market, the Schaumburg region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Median Rate Median Size
Schaumburg $19
/sqft/yr
5,470
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,370
sqft

Median Rate over Time in Schaumburg