Instead, the company is taking 43,000 sf at at 600 West Chicago Ave. Although terms of the deal were not disclosed, published gross lease rates at the redeveloped former Montgomery Ward catalog and distribution center range from $23 to $26 per sf, lower than the $27 per sf to $30 per sf asked at the Board of Trade building.
The Staubach Co. principals Rob Schmidt and Jack Keenan represented Goldenberg, Hehmeyer, while Brad Despot of LaSalle Partners represented the building, which is a project of affiliates of Angelo Gordon, Centrum Properties Inc., Taconic Investments and Amerimar Enterprises Inc.
Although north of the river, Round Arch Inc. is setting up Midwest headquarters in 11,251 sf at 350 N. LaSalle St. The firm is a joint venture between Deloitte Consulting, WPP Group and Broadvision. Millennium Properties Inc. VP Susan B. Silver represented Round Arch.
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