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CHICAGO-Traveler’s Idemnity Co. is consolidating space and moving from its six year, 97,000 square feet at 200 N. LaSalle St. to just slightly more than 80,000 square feet at 161 N. Clark St. The new lease will bring the Tishman Speyer-owned building, a 1.1-million-square-foot office tower, to 92% occupied.

The Clark Street building is in the Central Loop, near the Daley Center, Thompson Center and city Hall, as well as the legal, financial and other professional services firms that must locate near the government offices. Traveler’s is going to operate its local insurance, marketing and legal operations out of the Clark Street space. The lease rate or term wasn’t disclosed. Average lease rates for the submarket for class A space are at $37.26 per square foot, according to a Grubb & Ellis first quarter market report.

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