Illinois Housing Development Authority Signs 72645 Square Foot Lease At Michigan Plaza In Chicago

The property involved in this transaction is an office asset located at 225 North Michigan Avenue in Chicago. It spans 72,645 square feet and is a noteworthy addition to the market in this area.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 225 North Michigan Avenue
• Market: Chicago
• Landlord: Aegis Asset Management
• Tenant: Illinois Housing Development Authority
• Landlord's Representative: Mark Buth, Kathleen Bertrand & Steve Hennessy - Transwestern
• Tenant's Representative: Jeff Lindenmeyer, Chris O'Leary & Shannon Connerty Morris - Avison Young
• Occupancy Start Date: October 1, 2026

This lease deal, representing the largest new lease in the East Loop since 2023, was negotiated successfully by the representatives from both sides, with the landlord's team comprising Mark Buth, Kathleen Bertrand, and Steve Hennessy, and the tenant's team including Jeff Lindenmeyer, Chris O'Leary, and Shannon Connerty Morris.