CHICAGO—Tenants are scrambling to occupy space in River North,but leasing activity slowed down in the Central Loop over the firstquarter, with the submarket posting negative 10,859-square-feet ofdemand, according to a recent report fromColliers, and that follows just 48,075-square-feetof positive absorption in all of 2013.
But Tabet DiVito & Rothstein LLC, a Chicagolitigation firm, brought a bit of good news by recently signing along-term lease extension for its approximately 25,000-square-footoffice in the historic Rookery Building, designedby architectural partners Burnham and Root and located in theCentral Loop at 209 S. LaSalle. Commercial real estate servicesfirm Studley represented the firm in thetransaction.
According to executive vice president and co-branch managerJoe Learner, Tabet DiVito & Rothstein wantedStudley to help maintain its presence in the high-profile buildingnot only because of its prestige, but also for its close proximityto the courts and public transportation.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
