Although lease terms were not revealed, Prime Group iscollecting an average of $13.63 per sf at Continental Towers, muchlower than the average rate of $17.73 per sf for leases expiringthis year. That would put the annual value of the deals in theneighborhood of $1.9 million to $2.5 million.
Fifth Third Bank plans to relocate 350 employees to ContinentalTowers, which will become the financial institution's Chicago areaheadquarters.
New leases also include 18,508 sf taken by Personnel ResearchAssociates and 3,916 sf by Exxon Mobil Chemical. Lease expansionsinclude 5,275 sf by Auto, Home and Health Insurance Agency, Inc. Inaddition, Aon Service Corp. has expanded its lease by about 6,000sf.
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