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Pepsi and Studley Team Up

Studley Completes Transaction for PepsiAmericas
By Jey Hurd
February 22, 2002 | 8:53 P.M.

PepsiAmericas has recently created 22 new jobs by opening a 20,000-square-foot data center at 3075 Tollview Drive in Rolling Meadows, IL. This data center will provide fully redundant data infrastructure in support of all PepsiAmericas' operations and is conveniently located near their headquarters at 3701 Algonquin Road, also in Rolling Meadows. Geoffrey Kasselman, SIOR, senior managing director, and Corey Chase, managing director of Julien J. Studley Inc. represented PepsiAmericas in the transaction. The space at 3075 Tollview Drive was being offered for sublet by a struggling "dot com" company. Studley identified the opportunity, and leveraged PepsiAmericas' strong credit against the sublessors' need to exit the space. The long-term transaction was in turn signed directly with the landlord at well-below market rates for comparable space. The center will operate 24 hours a day with triple redundant power and state-of-the-art wiring and cabling.

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