Regions Midwest | Chicago
Spencer Stuart to Lease 100,000SF in Chicago
June 27, 2008

Spencer Stuart, a search consulting firm, has signed a letter of intent for approximately 100,000 square feet at 353 N. Clark in Chicago, Ill.  Mesirow Financial Real Estate is developing the 45-story office tower in Chicago’s River North. The Jones Lang LaSalle team of Bill Rogers, Jeff Liljeberg and Elaine Melonides represented Spencer Stuart in the transaction. Spencer Stuart will occupy 3.5 floors  to accommodate approximately 350 employees.  The firm is expanding by approximately 20,000 square feet from its current occupancy at 401 North Michigan Avenue and is slated to relocate in 2010.  With the addition of Spencer Stuart, the building is over 80 percent preleased.

 
Recent Chicago Headlines
Distributor Expands to Entire 231,900-SF Chicago-Area Building
Sept. 05, 2008
It took only a few months for Rivera Logistics, a distributor for Seoul, Korea-based Hankook Tires, to determine that it needed more elbow room at its new locale.
metra market MetraMarket Bags $25M Construction Loan
Aug. 29, 2008
Despite a difficult environment for accessing debt for commercial real estate projects, about $25 million in construction financing has been secured for MetraMarket, a retail development in Chicago's West Loop.
Equity Residential Gets $550M Loan
Aug. 28, 2008
Chicago-based Equity Residential Inc. has closed on $550 million in financing, putting up 15 of its multi-family properties as collateral. Originated by Wells Fargo for repurchase by Fannie Mae, the secured interest only loan has an all-in effective interest rate of about 6 percent and matures in 11.5 years, the first 10.5 of which will carry a fixed rate, with the final year carrying a floating rate.
AmTrust Finalizes LaSalle Bank Building Buy
Aug. 27, 2008
The LaSalle Bank Building in Chicago, first reported sold in June, has been finalized, according to various news sources and property records.
Perkins+Will Hires Two
Aug. 26, 2008
Perkins+Will announced that Mark Griffith has joined the practice as the local leader of the corporate, commercial and civic market sector.