Andrew J. Davidson, EVP and managing director, and Jay Beadle,SVP with MB Real Estate's Corporate Services team, represented thebank in the expansion. "The Central Loop is doing pretty well, butthat may change because it's also the home of a lot of financialindustries, banks and investment bankers," Davidson tellsGlobeSt.com. "But behind the West Loop, the Central Loop is faringthe best." He says the Central Loop submarket has an 89% occupancyrate.
Asking lease rates in the building are around $21 per foot, net,Davidson says. The 286,000-sf Rookery is about 97% leased. "It's ahistorically significant building," Davidson says. "US Bank hasidentity in the building." The building was designed and occupiedby famous architects John Wellborn Root and David Burnham, and is adesignated landmark.
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