"This lease provides the university with a state-of-art home facility and place to call home for a long time," says Joseph Learner, EVP, director and co-branch manager of Studley's Chicago office. "The expansion space will support the school's future growth, allowing it to expand the programs it offers to its student body. In a difficult economic environment, RMU continues to grow and invest in downtown Chicago and throughout its campus system."
RMU has taken an additional 39,000 square feet in the building, which it has been located in since 1998. With this extension, RMU has now doubled its footprint since first entering the building.
Studley represented RMU in the transaction, while the building's ownership group was represented by executives with Anvan. Lease terms of the deal were not released.
This transaction is the second large-scale lease to be signed this quarter in the Chicago area. As GlobeSt.com reported earlier in the week, William Blair & Co. has signed a lease extension for the 324,700 square foot the company occupies here at the Franklin Center. The lease extension will give the global investment firm space till 2017.
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