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CHICAGO-Two leases have been signed at 222 S. Riverside Plaza for 47,000 sf. A.G. Edwards, one of the charter tenants at the building nearly 30 years ago, struck a long-term extension and early renewal on 24,540 sf on the third floor of the building while BEZ Systems took 22,500 sf on the 17th floor.

While terms were not disclosed, published net lease rates at the 1.1-million-sf West Loop building along the Chicago River are $19.50 per sf. The deals bring vacancy at the 34-story building, 75% owned by Lend Lease Real Estate Investment Inc.’s Value Enhancement Fund V and 25% by The John Buck Co., closer to the West Loop’s 17% rate.

The A.G. Edwards deal involved an expansion and renovation of the space, and BEZ Systems also received a host of incentives. “The new space offers them furniture, a phone system–great amenities and existing state-of-the-art technology on the premises,” says Grubb & Ellis SVP June Simonian.

The Staubach Co. SVP Bob Peterson and vice president Matt Hofer represented A.G. Edwards. Simonian has represented BEZ Systems since it signed a deal for space at 222 W. Adams St. three years ago. Bill Rolander and Kim Kozlowski handled negotiations for the John Buck Co.

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