CHICAGO—Tenants are scrambling to occupy space in River North, but leasing activity slowed down in the Central Loop over the first quarter, with the submarket posting negative 10,859-square-feet of demand, according to a recent report from Colliers, and that follows just 48,075-square-feet of positive absorption in all of 2013.

But Tabet DiVito & Rothstein LLC, a Chicago litigation firm, brought a bit of good news by recently signing a long-term lease extension for its approximately 25,000-square-foot office in the historic Rookery Building, designed by architectural partners Burnham and Root and located in the Central Loop at 209 S. LaSalle. Commercial real estate services firm Studley represented the firm in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.