Meanwhile, Private Bank now occupies 35,730 sf after adding 7,479 sf to its lease at the Central Loop office property. While lease rates were not disclosed, the value of the deals were more than $4.7 million, according to HSA Corporate Real Estate Services, which was involved in all three leases. Senior vice president Wayne Shulman represented Santa Fe, NM-based BGK Properties, which bought the 10-story building for $7.4 million in 1997, in all three deals.
Vacancy in the Central Loop submarket stood at 10.6% at the end of the second quarter, according to research by Grubb & Ellis.
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