In the case of Tribler, Orpett & Meyer, a civil litigation law firm, the new space is 40% more than it has at 30 N. LaSalle St. In addition to more space, the deal was "an excellent economic lease package," according to CB Richard Ellis associate Connor Kerr. Although terms were not disclosed, asking net lease rates are $17 per sf at the building, where vacancy most recently was 29%. Senior vice president Cal Wessman and Kerr represented Tribler, Orpett & Meyer while Chris Cassata and Melissa Rubinstein of CB Richard Ellis represented the partnership that owns the 471,792-sf building.
The Spencer Foundation will give up space on the 39th floor of the John Hancock Building in favor of the 349,409-sf building owned by BPG Properties, Ltd. and Golub & Co. Getting the entire 16th floor was a factor in the organization's decision, says BPG Properties senior asset manager Timothy Scannell. Vacancy at the building is 14%. Golub & Co.'s leasing team of vice president Robert Budington and senior vice president John Ferguson represented BPG Properties in negotiations with U.S. Equities Realty senior vice president Geoffrey Euston and assistant vice president Yolanda Valle.
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