Econic Partners Signs 10-Year Lease For 18700 SF Office At 150 North Michigan Avenue

The property asset involved in this transaction is an office space located at 150 North Michigan Avenue, Chicago. It encompasses 18,700 square feet and represents a segment of the market characterized by rising demand despite high overall vacancy rates in the area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 150 North Michigan Avenue
• Market: Chicago
• Lease Term: 10-year
• Tenant: Econic Partners
• Landlord's Representative: Abby McFadyen - Madison Rose
• Tenant's Representatives: Brad Serot & Tony Coglianese - CBRE

The deal marks a significant moment for Econic Partners, which is backed by Goldman Sachs Alternatives, as it establishes its new local headquarters through this 10-year lease agreement.