The office property located at 111 West Washington Street in Chicago, spanning 90,000 square feet, has been leased in a transaction involving Steven Roth from Vornado Realty Trust as the landlord and Howard Migdal from Grubhub as the tenant.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not available
• Address: 111 West Washington Street
• Market: Chicago
• Landlord: Steven Roth - Vornado Realty Trust
• Tenant: Howard Migdal - Grubhub

Vornado Realty Trust successfully secured Grubhub as a new tenant for its Merchandise Mart building, where Grubhub is close to finalizing a sublease deal for the 90,000 square feet previously occupied by Paypal. This move by Grubhub relocating from the Burnham Center reflects the current trend of rising office vacancies in Chicago, influenced by the shift to remote work due to the pandemic and competitive market conditions. It also aligns with Grubhub's strategic cost-cutting initiatives amidst a challenging competitive landscape.