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CHICAGO-Sterling Business Center Inc. has signed a lease for 22 W. Washington St. Sterling signed a lease for 29,451 sf for the entire 15th floor of the 16-story building, says Robert Sevim, senior managing director of Studley.

London-based SKG Equity Partners is financing the first location of Sterling, which will provide temporary and shared workplaces in addition to other services in the space. The term of the lease is nine years, Sevim says.

Sevim represented Sterling in the lease transaction. The building is expected to be complete this summer, with Sterling moving into the building in July, Sevim says. Sterling chose the building because it will be a newly-constructed building, and because of the central downtown location

Sterling will provide “plug-n-play” services including offices, conference rooms, phones and the use of computers, Sevim says. The company will also offer printing, graphics and concierge services and will have a spa on site, he says. Sterling plans to also have offices in New York City, Boston, Atlanta and San Francisco.

The 400,000-sf office tower, being constructed at 22 W. Washington, will be connected to 108 N. State St., the mixed-use development on the block commonly known as Block 37. The building is 81% pre-leased. The asking lease rate is $29.50 per sf. Morningstar Inc., based here, and CBS Channel 2 Chicago will be the anchor tenants in the building, which is being developed by a joint venture between Golub & Co. LLC, based here, and New York City-based BlackRock Realty Advisors Inc., as previously reported by GlobeSt.com.

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