Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-In one of the largest lease deals of the year, Robert Morris University has signed on to lease 323,000 square feet. The high education institution is extending a current lease and expanding at 401 S. State St.

“This lease provides the university with a state-of-art home facility and place to call home for a long time,” says Joseph Learner, EVP, director and co-branch manager of Studley’s Chicago office. “The expansion space will support the school’s future growth, allowing it to expand the programs it offers to its student body. In a difficult economic environment, RMU continues to grow and invest in downtown Chicago and throughout its campus system.”

RMU has taken an additional 39,000 square feet in the building, which it has been located in since 1998. With this extension, RMU has now doubled its footprint since first entering the building.

Studley represented RMU in the transaction, while the building’s ownership group was represented by executives with Anvan. Lease terms of the deal were not released.

This transaction is the second large-scale lease to be signed this quarter in the Chicago area. As GlobeSt.com reported earlier in the week, William Blair & Co. has signed a lease extension for the 324,700 square foot the company occupies here at the Franklin Center. The lease extension will give the global investment firm space till 2017.

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?


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.