Onni Group Leases 65,000 Square Feet To Locke Lord At 225 West Randolph Street In Chicago

The property involved in this transaction is an office asset located at 225 West Randolph Street in Chicago. The space encompasses 65,000 square feet and is situated in a market where overall office vacancy rates are currently at 25.8%. The location is part of The Bell, a Loop office building that is undergoing a significant renovation costing $130 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 225 West Randolph Street
• Market: Chicago
• Square Footage: 65,000
• Landlord: Onni Group
• Tenant: David Taylor - Locke Lord
• Landlord's Rep: Telos Group
• Tenant's Reps: Brian Duffy, Jordan Decker & Tripp Pruet - Stream Realty Partners

This lease agreement has successfully secured Locke Lord as a tenant at The Bell, further increasing the occupancy of the building while reflecting on the trend of companies relocating within the downtown area rather than expanding elsewhere. Telos Group represents the landlord, while Stream Realty Partners represents the tenant in this transaction.