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CHICAGO-The General Services Administration signs a 25,000-sf lease on behalf of the National Labor Relations Board and renews a 20,000-sf lease for the US Justice Department's anti-trust division at the landmark LaSalle Street building.
DOWNERS GROVE, IL-The packaging and supply chain company that counts Coca-Cola and McDonald's among its customers gets a lower rental rate and extension of its lease at Highland Landmark I at 3075 Highland Pkwy.
CHICAGO-"It's clear the apartment market has finally turned the corner," says president and chief executive officer Bruce W. Duncan. Meanwhile, a new 403-unit complex in Lombard is 61% leased.
CHICAGO-The $29-million sale of the 34-story Borden Building in Columbus, OH marks the fourth non-core market Trizec Properties, Inc. has left since the beginning of 2003.
CHICAGO-Kaplan Education Services takes 41,334 sf from TD Waterhouse at Union Tower, 550 W. Van Buren St., for a call center that will open later this month.
LISLE, IL-The privately-held financial services company pays $138 per sf for the 56,269-sf office building that once was General Accident Insurance Co.'s headquarters, but the 4.5 acres at 2455 W. Corporate Woods Dr. offer expansion possibilities.
DOWNERS GROVE, IL-The $225 per sf price paid for the East-West Corridor assets is worth it to the voracious Atlanta-based investment management firm, considering the 320,000 sf in two buildings is 100% leased by consumer data processor Acxiom Corp.
CHICAGO-Stephen J. Nardi retires after two years as chairman of Prime Group Realty Trust, replaced in that role by former Equity Residential boss Douglas Crocker II. Jeffrey A. Patterson is promoted to chief executive officer and president.
CHICAGO-Prime Group Realty Trust agrees to sell a 3.8-million-sf industrial portfolio and 128 acres of undeveloped land to the largest industrial property owner in the market, which has long been eyeing the properties.
CHICAGO-Occupancy across the largest US office REIT's 123-million-sf portfolio rises for the first time in 12 quarters, while lease terminations drop sharply to their lowest level since 2001 during the second quarter.