CHICAGO-MB Real Estate’s asset management andleasing services group has been awarded five new leasingassignments in downtown Chicago. The firm’s leasing portfolio nowexceeds 14.4 million square feet with 18 million square feet undermanagement.
The recent leasing assignments include 300 E. Randolph a1.8-million-square-foot property currently at 98% occupancy; 70 W.Madison a 1.4-million-square-foot-office building with an occupancyof 89%; 30 W. Monroe a 256,000-square-foot building with 52%occupancy; 333 N. Michigan Ave. a 303,000-square-foot property withan 88% occupancy; and 525 W. Van Buren a 522,000-square-foot officeproperty with an occupancy rate of 74%. MB Real Estate will alsomanage the properties at 30 W. Monroe and 333 N. MichiganAvenue.
“Given the competitiveness of today’s office leasing market,many property owners are seeking the services of smaller, locallybased real estate service firms which can provide increasedaccountability and flexibility,” explains MarkButh, executive vice president and managing director ofleasing services for MB Real Estate. “Headquartered in Chicago for30 years, our team is highly invested in each assignment offeringclients the benefit of our local expertise and an entrepreneurialspirit.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.