X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-The law firm of Parrillo, Weiss & O’Halloran has renewed and expanded its lease at the Untied Building, at 77 W. Wacker Dr. The firm is renewing a lease for 22,745 sf and also signed a lease for 8,323 sf on the penthouse floor, says Steve Baron, executive vice president for leasing with Chicago-based Prime Group Realty Trust, which owns the building.

The firm has leased space in the building since it was constructed in 1992, and will now be leasing 31,068 sf. The penthouse space is expected to be used for meeting rooms. The 960,000-sf building is currently 87% occupied, Baron says. Major tenants include United Airlines, Wachovia and Microsoft. The asking lease rate for the building is between $23 per sf and $27 per sf net, he says.

David Stein, managing director of Steinco Inc. represented the law firm in the lease transaction. Baron represented Prime Group Realty Trust. The term of the lease was not disclosed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.