WASHINGTON, Sept. 21 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) today announced that Charter One Bank, which was
acquired by Providence, Rhode Island-based Citizens Financial Group, Inc. on
August 31, 2004, has leased 25,455 square feet, the entire second floor at
Nine Parkway North in Deerfield, Illinois. This location will serve as
Citizens Bank's regional retail headquarters.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Managing Director for Chicago, Jerry O'Malley, commented, "We
are delighted that Citizens Bank will be joining our customers at Parkway
North Center." Mr. O'Malley added, "CarrAmerica is very encouraged by the
activity we've had at Nine Parkway North this summer and by the fact that we
are continuing to attract some of the most successful companies in the North
Suburban submarket." CarrAmerica also signed a 53,647 square foot lease with
Meridian Leasing Corporation in June 2004. Other companies located in the
Parkway North campus include Amgen USA, APAC, Citi Commerce Solutions,
Fujisawa Healthcare, Nestle USA, Shand Morahan, Solvay Pharmaceuticals, and
Toshiba.
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.
Sean Kropke of CB Richard Ellis, Inc. represented Charter One in this
transaction. CarrAmerica's Jerry O'Malley represented CarrAmerica and New
York State Teachers' Retirement System in the transaction.
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 296 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:
Maureen Wheeler of CarrAmerica Realty
Corporation, +1-202-729-1756, or maureen.wheeler@carramerica.com
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