"We are confident that Trammell Crow's platform of deliverables,coupled with the strength of the Columbia Centre III ownership,will quickly lead to a dramatic change in occupancy status in thenear future," says Trammell Crow Co. principal Dave Petersen, whoheads a Midwest property management group that now manages 13million sf of office space.
Asking gross lease rates at the 15-year-old property near theCTA Blue Line's River Road stop are $24 per sf. With total vacancyincluding sublease space at 24.5%, the O'Hare submarket is thestrongest suburban submarket outside of the North suburbs,according to US Equities Realty's most recent market report.
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