Although terms were not disclosed, published net lease rates at the building start at $16.50 per sf. "While we considered alternatives throughout the Loop, 230 W. Monroe offers us the best location, in the heart of the city and convenient to the financial district," says Wells Fargo SVP Richard Kerbis.
Gary Denenberg and Thomas McCarthy of MB Real Estate represented the partnership that owns the building. While they signed 21 leases in 2003, occupancy at the building stands just below 58%. Jay Stewart of The John Buck Co. handled negotiations for Wells Fargo Bank.
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