Steve Steinmeyer, Don Schulz and Luanne Reedy, all with JLL,represented Microsoft in the lease transaction. Smith and MikeCurran, SVP, represented building owner Piedmont Realty Trust. Thelease included a tenant improvement allowance and some free rent,Smith says.

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Microsoft is relocating from 77 W. Wacker, where it occupiesabout 48,000 sf, Smith says. The company will occupy the 30th and31st floors of the 83-story building and will have client showroomspace on the mezzanine on the second floor, which has tallerceilings. "They wanted something that was a little bit moreimpressive and a little bit non-traditional, in terms of typicaloffice space," he says.

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The tenant will have a Microsoft Technology Center in the space,which is one of only eight across the country. At the center,clients can learn about Microsoft's software and technologies,according to a company brochure. Microsoft chose the building for acouple of reasons, including the location near Lake Michigan andMillennium Park, and the 32,000-sf floor plates of the building,Smith says.

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The 2.7-million-sf building, which was constructed in 1973, wasacquired by Norcross, GA-based Piedmont Office Realty Trust,formerly known as Wells Real Estate Investment Trust. The buildingwas acquired in 2003 for$465 million, as previously reported by GlobeSt.com. With the newMicrosoft lease, Aon Center has an occupancy rate of more than 93%,Smith says. Other tenants include Aon, Jones Lang LaSalle and DDBNeedham.

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The asking lease rate of the building is between $18 per sf and$20 per sf, net, Smith tells GlobeSt.com. Building amenitiesinclude the Mid America Club, Café 200 and a 243-seat auditorium.The lower lobby of the Aon Center is also linked to the FairmontHotel and Lakeshore Athletic Club.

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