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CHICAGO-Levenfeld Pearlstein has signed a long-term lease for 42,250 sf at 2 N. LaSalle St., putting occupancy at Trizec Properties’ lone Central Loop asset at 96%. The law firm is moving from 33 W. Monroe St. to space that was about to hit the market in the 692,000-sf building at the northwest corner of Madison and LaSalle streets.

Robert G. Goldstein, managing director and founding partner says Levenfeld Pearlstein has doubled in its size in the last three years.

While lease rates were not disclosed, average asking net rates in the Central Business District range from $14 per sf to $18 per sf, according to U.S. Equities Realty research, which would make the deal worth as much as $760,000 a year.

Todd Mintz and Justin Greer of Equis Corp. represented Levenfeld Pearlstein while director of leasing Jon Blunk handled negotiations for New York-based Trizec Properties, whose other holdings in the market–10 and 120 S. Riverside Plaza, 550 W. Washington Blvd. and an option on Sears Tower the REIT could convert to an ownership position in January–are in the West Loop.

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