BPG Properties has executed three leases totaling almost 100,000 square feet at Park Center at Kemper Lakes in Zurich, Ill.

 

BPG, the operating affiliate of Berwind Property Group, executed three leases totaling 98,769 square feet of office space with Dovenmuehle Mortgage Inc. (64,188 square feet), Freescale Semiconductor Inc. (23,535 square feet) and WarmlyYours (11,046 square feet) at the center.

 

Park Center at Kemper Lakes was originally developed by Kemper Insurance and served as the company’s corporate headquarters. BPG acquired the property from an affiliate of Kemper in March 2005.

 

The property is comprised of four class A office buildings totaling more than 1.1 million square feet, situated on a picturesque 164-acre site adjacent to Kemper Lakes Golf Course. In addition to its spectacular lakeside setting, the property has many unique amenities including conference facilities, a full service cafeteria and fitness center, and a day-care center and jogging trail.

 

BPG is in the midst of a $15 million renovation program at the property that will include an entirely new parking lot and landscaping, new lobbies and building entrances, additional windows, new elevators and upgraded common area finishes throughout. The renovations are expected to be completed by December 2006.

 

Dovenmuehle Mortgage Inc. is relocating and expanding its corporate headquarters to Park Center from Schaumburg, Illinois. Dovenmuehle is the nation’s oldest and largest residential mortgage subservicing company.

 

WarmlyYours is also relocating and expanding its corporate headquarters at Park Center. WarmlyYours is a Honeywell licensee and the leading provider of floor heating systems in North America.

 

Freescale Semiconductor is centralizing its Chicago Suburban operations at Park Center. Freescale Semiconductor, which is based in Austin, Texas, engineers and designs integrated circuits for electronic equipment and products.

***

Send tips or a Letter to the Editor to janis@inman.com or call (510) 658-9252, ext. 140.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×