WEDNESDAY, APRIL 22, 2009

Ryan Cos. breaks ground on Delta Dental headquarters

by Illinois Real Estate Journal Reports
Chicago-> DuPage

Pictured in this groundbreaking photo, from left to right, are: Sharon Heaton, chairman of the Board, Delta Dental of IL; Robert Dennison, president and CEO, Delta Dental of IL; Tim Hennelly, vice president of development, Ryan Companies US, Inc.; George Pradel, Mayor of Naperville; Jeff Smith, president, Midwest Division, Ryan Companies US, Inc.; Jim McDonald, director of development, Ryan Companies, US, Inc.; and Tamera K. Robinson, vice president & CFO, Delta Dental of IL

Delta Dental of Illinois (DDIL) and Ryan Companies US, Inc. have broken ground on an 85,000-square-foot office building in Naperville.

The ceremony to mark the beginning of construction of the new building was attended by executives and board members from Delta Dental of Illinois, representatives from Ryan Companies, a variety of Naperville officials including Mayor George Pradel, and other members of the development team.

"We started establishing our presence in Illinois 42 years ago," DDIL President Robert Dennison said in his remarks. "This new building will give us a prominent physical presence in Naperville, along I-88. We are proud to put our office here."

The new office building will serve as the new headquarters for DDIL and allow it to expand operations and establish an enhanced corporate identity with signage along I-88.

The Midwest region of Ryan Companies US, Inc. has designed and is constructing the building, located at 123 Shuman Boulevard. Ryan also will relocate its offices from next door, at 55 Shuman Boulevard, and lease approximately 20,000 square feet of space in the building.

In relocating its corporate offices and operations from Lisle to Naperville, Delta Dental of Illinois will significantly expand its space. The company currently leases approximately 43,000 square feet at 801 Ogden Avenue in Lisle. The company has more than 170 employees.

The new home of DDIL will be four stories, with floor plates averaging about 20,000 square feet of space. DDIL will occupy the first three floors and Ryan will occupy the entire fourth floor.
In selling almost five acres of land to DDIL for this building, Ryan retains approximately three acres of the land it acquired in 2005. With that land Ryan could develop a building totaling 35,000 square feet of space.

Gary Fazzio, executive vice president, Jon Springer, senior vice president, and Amy Preston, project manager for CB Richard Ellis, provided tenant representation services on behalf of Delta Dental of Illinois. David Justh, executive vice president, CB Richard Ellis, represented Ryan Companies.

Ulmer & Berne signs lease for new Chicago headquarters CB Richard Ellis to provide leasing and management services at Missouri office center Cushman & Wakefield: Twin Cities poised for stronger 2010, 2011 Grubb & Ellis negotiates 90K S.F. renewal NAI DESCO facilitates pair of office/warehouse leases in Missouri KBS Realty and FDIC finalize lease NAI Daus brokers sale of 10,000-square-foot office building in Ohio Two law firms take 100K S.F. in direct leases at One North Wacker Podolsky Northstar represents Management Association of Illinois in lease renewal Grand Rapids office market remained sluggish in fourth quarter of 2009