The owner of Bell Works Chicagoland has nearly filled a suite of offices designed for small firms and startups.
Black industrial ironwork, white walls and massive glass ceilings define Bell Works Chicagoland in Hoffman Estates. The 1980s building is being revamped into a Class A, mixed-use community of office spaces combined with restaurants, a gym and lots of open space for meetings and work use.
“Every other place I went to said it would take three to four months to build out the space,” said Chadd Folkes, president of risksmith Insurance Services, a 4-year-old firm that took about 2,900 square feet at Bell Works last year and just expanded to 5,000 square feet. “Here, it was already finished. It’s almost like having a WeWork, but with a long-term lease. It was literally plug and play.
“The has to be amazing and give people a reason to come in,” Zucker said. “You’re going to see a lot of office buildings, especially in the suburbs, fall by the wayside. We’re seeing that in New Jersey, and we’re seeing that in Chicago as well.” “High quality, best-in-class assets continue to see the most activity in the northwest market,” Colliers found. “Class B properties in the northwest market will continue to suffer until class A assets absorb.”
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