ASTELLAS BREAKS GROUND FOR 425,000-SQUARE-FOOT U.S. HQ

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GLENVIEW, ILL. — Japanese pharmaceutical company Astellas Us Holding has broken ground for the construction of its new U.S. headquarters. The complex will be located in Glenview, less than 10 miles away from its current headquarters in Deerfield. Construction will include two buildings totaling 425,000 square feet of space. Astellas plans to move approximately 1,000 employees to the complex, which can accommodate up to 1,700. The site also contains space for a future third building that could total up to 175,000 square feet. Completion of the project is slated for 2012. It is applying for LEED certification. MB Real Estate assisted Astellas in acquiring the 8-acre site, which was formerly held by Culligan Water. MB's Project Services division will partner with Chicago-based GlenStar Properties to provide development management services. The project architect is Goettsch Partners.

— Coleman Wood

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