WASHINGTON, June 14 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) today announced that Meridian Leasing Corporation has
leased 53,647 square feet at Nine Parkway North in Deerfield, Illinois.
Meridian will be relocating its headquarters from another Deerfield location,
occupying the top two floors of this five-story, 130,000 square foot office
building.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Managing Director for Chicago, Jerry O'Malley, commented,
"We're delighted to gain another corporate headquarters at Parkway North
Center. Despite the competitive office market, we are still attracting some
of the most successful companies in the North Suburban submarket."
According to Brad Ihlenfeld, Meridian's President, "Parkway North is
ideally situated for the consolidation of our international headquarters and
other Chicago operations, while providing first class amenities for our
employees and customers."
Owned by a joint venture between CarrAmerica and New York State Teachers'
Retirement System, Nine Parkway North is located in Parkway North Center, an
80-acre office complex situated at I-94 and Deerfield Road in southern Lake
County. Comprised of six existing office buildings and one building site,
Parkway North Center is proximate to quality hotels and restaurants in a
central location just minutes from the Tri-State Tollway and Edens Expressway.
Park amenities include high visibility from I-94, abundant parking, 24/7-
staffed security, a Marriott Suites Hotel, dining and catering facilities, a
health club and a childcare center.
Tom Tunnicliff of The John Buck Company represented Meridian Leasing
Corporation in this transaction.
Meridian Leasing Corporation and its subsidiaries, collectively the
Meridian Group, resell and lease data processing, telecommunications and other
high technology equipment and services.
CarrAmerica owns, develops and operates office properties in 13 markets
throughout the United States. The company has become one of America's leading
office workplace companies by meeting the rapidly changing needs of its
customers with superior service, a large portfolio of quality office
properties and extraordinary development capabilities. Currently, CarrAmerica
and its affiliates own, directly or through joint ventures, interests in a
portfolio of 295 operating office properties. CarrAmerica's markets include
Atlanta, Austin, Chicago, Dallas, Denver, Los Angeles, Orange County,
Portland, Salt Lake City, San Diego, San Francisco Bay Area, Seattle and
metropolitan Washington, D.C. For additional information on CarrAmerica,
including space availability, visit http://www.carramerica.com.
SOURCE CarrAmerica Realty Corporation
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Related links: http://www.carramerica.com
Photo Notes: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or 212-782-2840
CONTACT: Karen Widmayer of CarrAmerica Realty Corporation, +1-202-729-1789, karen.widmayer@carramerica.com
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