CHICAGO (Jan. 15, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, announced it has delivered three spec suites, opened a tenant-only golf simulator amenity with two bays, and completed renovations to common areas and restrooms at Presidents Plaza, a two-tower office complex the firm and a private investor acquired in an all-cash transaction in October 2024. The 831,442-square-foot property is located at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport.

“After resetting our basis with a strong capital partner, we were able to move quickly to execute our vision for further modernizing the already highly amenitized Presidents Plaza,” said Michael Klein, co-founder and managing principal of Glenstar, which also serves as leasing agent and property manager for the property. “That strategy paid off quickly, helping us attract new tenants, while also renewing several existing tenants over the past year.”

Spec Suites
Three spec suites were delivered in August on the sixth and eighth floors of 8700 W. Bryn Mawr Ave, and two have already been leased.

Aero Performance Group, a mechanical contracting firm specializing in virtual design, construction, service, maintenance, HVAC, plumbing and fire protection, leased a 9,178-square-foot suite.

“Relocating to Presidents Plaza is a statement about who we are and where we’re headed,” said Nick Muscolino, vice president of Aero Performance Group. “This move allows us to create an environment that empowers our employees and strengthens our ability to serve clients across the country. It’s a bold step forward that aligns perfectly with Aero’s vision for growth and leadership in the industry.”

The Association of Legal Administrators (ALA), a professional membership organization supporting law firms and legal department managers, leased a 4,406-square-foot suite.

“Given the early success, we plan to deliver additional spec suites this year,” said Klein. “Spec suites offer tenants speed to occupancy, cost savings and flexibility, plus turnkey space with elevated finishes that’s difficult to match through a traditional buildout.”

Golf Simulator
Exclusively available to tenants, The Links at Loop Lounge opened in September and features two state-of-the-art golf simulator bays along with comfortable lounge seating. Designed as a social hub, the amenity gives tenants a place to connect, unwind and build community year-round.

“Lifestyle-oriented amenities like a golf simulator elevate the office experience and help bring people together,” Klein said.

Recent Lease Transactions
The latter half of 2025 also saw two tenants choose to relocate to Presidents Plaza: Sumitomo Corporation of Americas, which signed an 11,499-square-foot lease, and L&W Supply Corp., which leased 4,042 square feet.

This leasing activity follows a surge of new leasing between late 2024 and May 2025 that totaled 100,000 square feet.

Presidents Plaza also offers a dramatic three-story atrium lobby, a three-level health club, fully renovated lounge, a public café with seating and a conference center.

The property is located at the intersection of Cumberland Avenue and Interstate 90 and offers direct access to the CTA Blue Line, providing convenient transit options to downtown Chicago and the suburbs. The surrounding area includes a variety of dining, entertainment and retail options.

For leasing information, contact Bill Saviski or Christian Domin at Glenstar.

About Glenstar: Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

WESTLAKE, Texas (Aug. 25, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, and its joint-venture partner Singerman Real Estate, a private investment firm, today announced they have signed three new office leases totaling 70,000 square feet at Terraces at Solana, an eight-building, 1.1 million-square-foot office complex at 1500 Solana Blvd. in Westlake, Texas, a northern suburb of Dallas-Fort Worth.

With these leases – representing headquarters relocations for two high-profile local companies and one new-to-market global headquarters – Terraces at Solana is now nearly 80% leased, up from 50% just a few years ago.

“These tenants chose to relocate to Terraces because it checks every box – location, flexibility, amenities and a sense of community,” said Kristi Layton, Glenstar’s vice president and general manager of Terraces. “We’re seeing companies prioritize environments that support their people, and Terraces delivers on that with hospitality-driven management, move-in-ready spaces and a campus atmosphere that enhances both productivity and well-being.”

Much of this leasing momentum stems from ownership’s $25 million renovation of the complex in 2021, which transformed it into a creative, welcoming and highly amenitized corporate destination. The campus features nearly 50,000 square feet of amenities, including a full-service restaurant, an upscale lounge with bar service, multiple indoor and outdoor seating and collaboration areas with firepits and scenic water features, bocce ball courts, a technologically advanced tenant conference center, a large state-of-the-art fitness facility with luxury locker rooms and covered parking throughout the campus.

M1 Support Services

M1 Support Services, a national defense contractor providing a complete range of aviation solutions, will relocate its headquarters from Denton, Texas, to Terraces following the completion of tenant buildouts. M1 (short for “Mission First”) signed a lease for 26,000 square feet on the second floor of the 123,862-square-foot Building 5.

“After a lengthy and thoughtful process of selecting from several properties in the DFW metroplex, the Terraces provided the best overall value highlighted by first-class amenities that will benefit our employees,” said Michael Frazier, chief operating officer of M1.

An industry leader in aviation services since 2003, M1 has grown to more than 5,000 employees. M1 partners with the U.S. Government, allied, and partner nations to enhance mission readiness and increase effectiveness. Its clients include the U.S. Air Force, U.S. Army, U.S. Navy and the General Services Administration.

CENTURY 21 Mike Bowman, Inc.

CENTURY 21 Mike Bowman, Inc. will relocate to a newly renovated, 18,000-square-foot headquarters space at Terraces in September. The firm is moving from a 16,888-square-foot office in Grapevine, Texas, to the first floor of the 274,992-square-foot Building 8.

“Choosing to relocate to Terraces at Solana was a strategic decision driven by our commitment to enhancing work-life balance for our agents, staff and managers,” said Dave Bowman, president of CENTURY 21 Mike Bowman, Inc. “Westlake itself was a draw, but what truly set Terraces apart were its exceptional on-campus amenities.

“The state-of-the-art conference center enables us to host national CENTURY 21 events – something not feasible at our previous location,” Bowman continued. “The inviting cafeteria and lounge spaces encourage collaboration, while the fitness center’s top-tier equipment and classes promote team wellness. Outdoor amenities, from fire pits to tranquil water views, create a peaceful environment that supports productivity and balance.”

Bowman also praised the on-site Glenstar property management team and its organization of community-building events via its signature app – Glenstar Connect. “These gatherings foster community and allow us to build meaningful relationships and expand our professional network within the campus,” he said.

Founded by Mike Bowman in 1971, the full-service real estate firm now includes over 200 agents and 30-plus in-house staff. It ranks as the #1 CENTURY 21 office in Texas and has been named one of the top CENTURY 21 offices globally 18 times.

Pluralsight Inc.

Pluralsight Inc., a global technology workforce development company, has moved its corporate headquarters from Draper, Utah, to Terraces. The company signed a lease for 26,000 square feet and took occupancy on July 21, relocating to the fourth floor of the 120,543-square-foot Building 6.

Founded in 2004, Pluralsight offers more than 7,000 curated video courses, hands-on labs, skill benchmarking tools, and tailored learning paths across key tech disciplines including cloud, AI, cybersecurity and software development. The company serves over 23,000 businesses and has a global team spanning Ireland, Australia, India and the U.S.

About Glenstar:

Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004 by Michael Klein, along with Rand Diamond, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

About Singerman Real Estate:

Singerman Real Estate, LLC (SRE) is a Chicago-based opportunistic real estate investment firm with over $5 billion of assets under management. SRE has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. SRE focuses on maximizing risk adjusted returns through investments in both debt and equity across all major asset classes including industrial, life science, multifamily, hospitality, office, and retail in addition to other niche real estate asset classes.

CHICAGO (May 21, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, announced it has executed three leases totaling 100,000 square feet at Presidents Plaza, a two-tower, 831,442-square-foot office complex at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport. The lease agreements follow the October 2024 sale of the property to a joint venture of Glenstar and a private investor.

“With these leases, we’re already reaping the benefits of our recapitalization of President Plaza and our commitment to fund tenant improvements, build spec suites and upgrade amenities,” said Michael Klein, co-founder and managing principal of Glenstar, which also serves as the leasing agent and property manager of Presidents Plaza. “Our commitment of new capital also allows us to offer flexibility and lease terms that align with our tenants’ operational needs and individual growth trajectories.”

In April, Glenstar signed a 40,000-square-foot office lease at Presidents Plaza with FM, a global commercial property insurance and loss prevention company that will relocate its regional office to Presidents Plaza from Park Ridge, Ill. Formerly known as FM Global, FM has a network of offices in the U.S. and internationally. Its clients operate across a variety of industries and include one in four Fortune 500 companies.

“We are thrilled to have FM as a tenant at Presidents Plaza,” said Klein. “Its choice to relocate to Presidents Plaza is a testament to the complex’s high-quality office experience, from lifestyle-oriented amenities to a responsive property management team.”

Glenstar also executed a 40,000-square-foot lease with Do It Best, the Fort Wayne, Ind.-based home improvement retailer that acquired True Value last year.

In the third transaction, current tenant Meitheal Pharmaceuticals, a biopharmaceutical company named the second-fastest growing company on the 2024 Crain’s Chicago Business “Fast 50” list, signed a 20,000-square-foot expansion lease that doubles its footprint to 40,000 square feet.

“Having our offices at Presidents Plaza has been a great fit for our growing team,” said John Spilman, vice president of corporate strategy of Meitheal Pharmaceuticals. “The central location offers easy access from across the Chicagoland area — including both the city and suburbs — and the availability of public transportation from downtown makes commuting simple and efficient. The amenities, including the modern lobby, welcoming lounge, fitness center and onsite dining options, enhance the daily experience for our employees. As we’ve grown, Presidents Plaza has continued to be a true partner, working with us to ensure our office space evolves to meet our needs today and in the future.”

The new ownership at Presidents Plaza is investing $16 million in improvements across the two buildings. Among its many enhancements, a golf simulator is slated to open this summer. Spec suites are also being constructed, featuring in-demand features such as open ceilings, collaborative workspaces and conference rooms with state-of-the-art A/V equipment. These improvements add to the property’s $34 million in renovations completed in 2019 that included the redevelopment of a three-story atrium lobby, three-level health club, fully renovated lounge, café with seating and conference center facility.

Presidents Plaza is centrally located at the four-way intersection of Cumberland Avenue and Interstate 90 and offers direct access to the adjacent CTA Cumberland Blue Line station, allowing tenants to recruit from both the suburbs and city. The property is also surrounded by numerous retail, restaurant, entertainment and hospitality offerings.

About Glenstar:

Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004 by Michael Klein, along with Rand Diamond, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

CHICAGO (Oct. 29, 2024) — Chicago-based Glenstar, a national commercial real estate developer, owner and operator, and a private investor have recapitalized Presidents Plaza, a two-tower, highly amenitized office complex near O’Hare International Airport in an all-cash sales transaction that closed on Oct. 22.

In addition to purchasing the 831,442-square-foot complex for $62 million, Glenstar and its equity partner have set aside capital to fund tenant improvements, in addition to allocating nearly $16M to build spec suites along with upgrading amenities and common areas at the office property located at 8600-8700 W. Bryn Mawr Ave., in the O’Hare submarket.

“Unlike many office owners in today’s market, we are eager to help fund modern tenant improvement buildouts and amenity upgrades because we know they are critical for companies to attract top-level talent,” said Michael Klein, co-founder & managing principal of Glenstar. “With no debt on the property there are no lender constraints, and we will be creative with lease negotiations to solve tenant needs.”

The availability of capital allows tenant improvement projects to move forward quickly, as they will be insulated from interest-rate pressures and cash constraints. Spec suites will include the latest in-demand features such as open ceilings, collaborative working spaces and conference rooms with state-of-the-art audiovisual equipment.

“Companies want to be in top-tier buildings with modern, collaborative spaces,” Klein said. “Our recapitalization and upcoming capital improvements will ensure Presidents Plaza holds its title as the most highly amentized office asset in suburban Chicago.”

Initial plans call for a golf simulator and common area improvements to round out the abundant number of amenities added during the $34 million renovation of the property. The property upgrades included a redevelopment of the three-story atrium lobby, three-level health club, fully renovated lounge, café with full seating and 6,300-square-foot conference center facility. The property won the International TOBY for Renovated Building in 2022.

The Glenstar property management team will continue serving tenants on-site and via Glenstar Connect, an app-based platform to improve the tenant experience by connecting tenants with community-building events.

Presidents Plaza is centrally located at the four-way intersection of Cumberland Avenue and I-90 and offers direct access to public transportation on the CTA Blue Line, allowing tenants to recruit from both the suburbs and the city. The property is also surrounded by dining, entertainment and retail venues.

Dan Deuter, Tom Sitz and Cody Hundertmark of Cushman & Wakefield represented the seller in the Oct. 22 sales transaction. Glenstar has served as the property and asset manager of the complex since 2006.

About Glenstar:

Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004 by Michael Klein, along with Rand Diamond, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.