It will be a short move in the East Loop for Centrax Corp.,which signed a 14,932-sf lease at Two Prudential Plaza, 180 N.Stetson Ave. The e-learning and e-marketing company, which movesinto the 51st-floor space in April, is located around the corner at300 E. Randolph St. CB Richard Ellis' Kyle Kamin and Tony Karminsay they were able to leverage Centrax' termination option, as wellas the soft market conditions, in the deal with ShorensteinProperties. Published net lease rates at the property begin at $16per sf. Andrea Saewitz handled negotiations for her company.

Konica Minolta renewed its lease on the 23rd floor at 150 S.Wacker Dr. after deciding to stay in the 13,350 sf the Tokyo-basedcompany has there for another five years. CB Richard Ellis seniorvice president Jeff Liljeberg handled negotiations for KonicaMinolta with Lincoln Property Co.'s Joe Alberts. Although termswere not disclosed, published net lease rates at the property are$17.25 per sf.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.