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Captive Resoruces to move from Schaumburg to Itasca

SCHAUMBURG - Captive Resources said it has purchased 1100 N. Arlington Heights Road, Itasca, and will relocate its world headquarters from Schaumburg.

Captive Resources provides advisory services to member-owned group captive insurance companies and other alternative risk facilities in the U.S. The company currently owns and occupies two Schaumburg properties at 201 East Commerce Drive and 55 East Commerce Drive. A consolidation of the two properties is planned and CRI will relocate all employees to the 1100 N. Arlington Heights Road property in the third quarter of 2017. The Schaumburg properties will be made available for sale leading up to the company's relocation to Itasca.

Chairman and Chief Executive Officer George Rusu said the company will invest significant capital into the renovation of 1100 N. Arlington Heights Road in order to make it a world-class headquarters facility. Additional conferencing and training areas will be added, and the fitness and food facilities will be expanded. CRI will occupy approximately 100,000 square feet on the first four floors with third-party tenants occupying the remainder of the building.

"The 1100 N. Arlington Heights Road property presented an opportunity for Captive Resources to increase efficiencies with a consolidation, control growth, and also own a property at a very attractive operating cost relative to leasing," Rusu said.

Originally constructed in 1999, 1100 N. Arlington Heights Road is a 150,000 square foot, six-story, Class A office property located on the northwest corner of Thorndale Road and Arlington Heights Road.

Colliers International's Chicago-based Office Advisory Group represented Captive Resources in the purchase.

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