State Farm Insurance recently renewed its lease of 35,447 square feet of office space at 245 S. Executive Dr., Brookfield, from Malvern, Penn.-based Liberty Property Trust.
“During the last few months we have experienced a marked shift in leasing,” said Neal Driscoll, vice president of Liberty Property Trust. “Downsizing activity has lessened dramatically and inquiries for space are up. Tenants such as State Farm are maintaining space requirements while others are inquiring about expansion opportunities for next year.”
The 245 S. Executive Drive building has a total of 72,000 square feet of office space, and it has an occupancy rate of 95 percent. Other tenants in the building include Ottawa University, Lepoidevin Group and Apex Systems.
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