A Rolling Meadows office building purchased by GallagherGlobal last year is set to meet the wrecking ball. It's next to the company's headquarters.
The 10-story, 270,000-square-foot east tower at 2550 Golf Road was purchased by the commercial insurance brokerage for $13 million a year ago, out of the desire to have a say over redevelopment around its global headquarters, according to City Manager Rob Sabo, who recently met with the company's top brass.
A developer floated a proposal for a warehouse on the east tower site, but that fell through and led to Gallagher's purchase from Chicago-based Marc Realty. After considering whether to house offices there or knock it down, Gallagher recently applied for a demolition permit, Sabo confirmed. But company officials haven't shared what their plans are for the property, which will become a grass lot for now.
The building, constructed in 1979, underwent a number of interior renovations in recent years, including a new lobby, cafe, conference center and fitness center. It was being marketed for lease before Gallagher's purchase, but as of today, it is completely vacant.
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