The Central and South Loop is home to Columbia College, Roosevelt University, the School of the Art Institute as well as a DePaul University Downtown campus. The location in the "education corridor" is partly responsible for increased enrollment and the need for more space, says Studley executive vice president Joe Learner, who represented Robert Morris College in negotiations with Anvan Realty's Tom Garrity. Although terms were not disclosed, the remaining space in the building is being marketed at $20.50 per sf on a modified gross lease basis.
In addition to 401 S. State St., Robert Morris College has satellite campuses in Bensenville, Orland Park and Waukegan. In addition to lease deals in those suburbs, Studley negotiated the college's 10-year early lease extension in 2002.
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