X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Newly-formed law firm Kopon Airdo LLC and marketing services company Centiv Services Inc. will move offices into the 44th floor of the Sears Tower, at 233 S. Wacker. Kopon Airdo will take more than 11,000 sf, while Centiv will occupy nearly 36,854 sf. Kopon’s lease officially commences on Nov. 1, while Centiv’s lease will not begin until May 1, 2009.

“The savvy tenants who are well represented see that the Sears Tower has a lot to offer and is more than just a business address; it’s a business asset,” a spokesman for the tower tells GlobeSt.com. “The tower can help businesses recruit employees. When you have an office just steps from Union Station, it’s unbeatable for employees, whether they’re coming in from the suburbs or from other parts of the city.”

Lisa Davidson, executive managing director, and Marc Brash, analyst, Studley, represented Kopon Airdo in the lease. Frank Franzese, EVP with Cushman & Wakefield, represented Centiv in the transaction. Centiv was previously based out of 525 W. Monroe, while this will be Kopon Airdo’s first office.

“We chose the Sears Tower for our new law offices based on its wide variety of business resources and amenities from a state-of-the-art conference center to a choice of restaurants to a modern, full-service health club,” said Andrew Kopon Jr., a partner with Kopon.

The 3.8-million-sf Sears Tower is owned by 233 S. Wacker LLC, which includes American Landmark Properties, the Chetrit Group and the Moinian Group. Asking lease rates in the tower range from the mid-teens to the mid-20′s. The building is now around 81% occupied and has signed nearly 600,000 sf in new and renewed leases in the past two months. “We’re seeing a lot of progress, but with a building of this size, it takes a lot of square feet to make a dent in the (occupancy rate) percentages,” the spokesman says.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.