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CHICAGO-Occupancy at Trizec Properties, Inc.'s Central Loop asset stands at 97%, while the rest of the submarket dealing with a 17.1% overall vacancy rate. Syd Jerome, Picture Us Framing, Stevens Maloney and Metromart Newsstand also renew deals for retail space.
LISLE, IL-Dallas-based Prentiss Properties fills its 99,329-sf property at 850-950 Warrenville Rd. as National-Louis University takes most of the building. Despite being part of a flurry of activity in the area, vacancy in the western end of the East-West Corridor still stands at 31.2%.
CHICAGO-YMCA of the USA renews its deal at 101 N. Wacker Dr. into mid-2009 with Equity Office Properties Trust, capitalizing on the weak Downtown office market.
GURNEE, IL-Los Angeles-based stainless steel supplier Ta Chen International signs a 10-year, 11-million-sf deal with the Oakbrook-based REIT for the newest building in its 135-acre CenterPoint Business Center-Gurnee.
WESTMONT, IL-The Toronto-based insurance company buys two buildings totaling 192,190 sf at 900 Oakmont Lane and Oakmont Plaza Dr., worth $20 million according to their most recent assessment.
CHICAGO-The legendary blues club co-founded by Buddy Guy will reopen in 3,100 sf at Harper Court. Joining The Checkerboard Lounge at 5201 S. Harper will be Harper Grille, opening in 5,000 sf.
BOLINGBROOK, IL-Philadelphia-based Berwind Property Group pays $16.5 million for two buildings totaling 730,500 sf in the Remington Lake Corporate Center. Tellabs leases back 94,000 sf for three years.
CHICAGO-Tabet DiVito & Rothstein moves four blocks south in January to 17, 613 sf on the seventh floor of The Rookery building at 209 S. LaSalle St. Denver-based Policy Studies Inc. opens a Chicago office in 24,662 sf at Civic Tower, 32 W. Randolph St.
CHICAGO-Six years after New York-based the Praedium Group LLC and Golub & Co. take over a building about 50% leased, they sell it for a healthy $152 per sf to NV of America Inc., who inherits an asset 95% occupied. The city of Chicago has more than 100,000 sf.
CHICAGO-The overall industrial vacancy rate has increased over each of the last three quarters, according to CB Richard Ellis, with the far southwest suburbs leading the way at 17.4%.