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Molina Healthcare Leases 37,127 SF in Oak Brook

New Deal To Bring 150 New Positions to Chicago Suburb
February 20, 2013
Molina Healthcare finalized a lease for 37,127 square feet at 1520 Kensington Road at The Crossings business campus, which will bring more than 150 new jobs to the Oak Brook, IL, market.

The 152,170-square-foot, three-story office building at 1520 Kensington recently completed $6.2 million in renovations, which included a new HVAC system, lobby enhancements, common corridor and restroom upgrades as well as the addition of a 50-person conference room.

"As Molina Healthcare continues to grow we are looking for space that has the right amenities and location for our company and our employees. The Crossings meet those needs perfectly. The building ownership, The Davis Cos., has worked with us to provide solutions to match our needs, and we value the investments they have made in the Crossings," said Salvator Gutierrez, associate vice president of facilities for Molina Healthcare.

The Crossings, which totals 303,510 square feet, is on a 17-acre site, and is currently 93 percent leased, up 30 percent from when Davis acquired the property in 2010. Other tenants include SWC Technology Partners Inc., A.M. Castle & Co., Readerlink Distribution Services LLC and CBeyond.

Jim Adler, Dan O'Neill and Garrett Schultz of NAI Hiffman's office services group represented Davis. Charlie Copelan of McKinney Advisory Group of San Francisco represented Molina.

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