WASHINGTON, Oct. 18 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) today announced the renewal and expansion of anchor
tenant, Fujisawa Healthcare, Inc, which will merge with Yamanouchi
Pharmaceutical Co., Ltd to form Astellas Pharma, Inc., one of Japan's largest
pharmaceutical companies, for 215,000 square feet of office space in Three
Parkway North in Deerfield, Illinois.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Managing Director for Chicago, Jerry O'Malley, commented,
"CarrAmerica is pleased to continue our relationship with Fujisawa, one of
Chicago's largest corporate tenants and the largest tenant at Parkway North."
Mr. O'Malley continued, "Over the last few months, demand by corporate tenants
such as Fujisawa, Charter One Bank and Meridian Leasing Company has been
strong, emphasizing the appeal of our location and submarket."
Owned by a joint venture between CarrAmerica and New York State Teachers'
Retirement System, Three 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.
Scott Brandwein of CBRE represented Fujisawa 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 12 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 294 operating office properties. CarrAmerica's markets include
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 our web site at 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, or karen.widmayer@carramerica.com
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