Although terms of the long-term deal were not disclosed, ownerrepresentative Cushman & Wakefield is offering space at 1560Sherman Ave. starting at $28.50 per sf, which would make the dealworth $1.2 million a year on a gross basis.

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The building is in an area seeing significant redevelopment,including the $100-million mixed-use Sherman Plaza project about ablock away.

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Thomas A. Bosshart, a vice president with Norwood-O'Hare RealtyGroup, Inc., represented family-owned Pivot Point, which operatescosmetology research centers and schools worldwide. Cushman &Wakefield senior director Howard R. Perino handled negotiations forRotary International.

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"(Pivot Point) was particularly impressed with the city'ssuccessful on-going revitalization program as well as its easyaccess to downtown Chicago via public and private transportation,"Perino says in a statement.

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