Beacon Capital Partners Leases Office Space To The Office Of Inspector General In Chicago | 231 S La Salle St | Office | Lease

Summary

Lease

ILLINOIS

Office

50,000 sqft

The Office of Inspector General has signed a significant lease for nearly 50,000 square feet at 231 South La Salle Street in Chicago. The property, owned by Beacon Capital Partners since 2017, will now be home to the inspector general's workforce, citing the need for in-person collaboration and space for growth near City Hall.

Summary of transaction details:

Property Type: Office
Transaction Amount: Not specified
Address: 231 South La Salle Street
Market: Chicago
Landlord: Fred Siegel - Beacon Capital Partners
Tenant: Deborah Witzburg - The Office of Inspector General

The lease agreement was facilitated between Fred Siegel from Beacon Capital Partners, serving as the landlord, and Deborah Witzburg representing The Office of Inspector General as the tenant. This lease marks a strategic decision amid the shift towards remote work, emphasizing the importance of physical presence for collaboration in a central location.

Details

Deal Summary

LEASED

IMAGE: 05/08/2024 ADDRESS: 231 South La Salle Street MARKET: Chicago ASSET TYPE: Office ~ SF: 50,000 LANDLORD: Fred Siegel - Beacon Capital Partners TENANT: Deborah Witzburg - The Office of Inspector General NOTE: Beacon Capital Partners secured a significant lease from Chicago's Office of Inspector General for nearly 50,000 square feet at 231 South LaSalle Street, a property they have owned since 2017. The lease marks a departure from the trend of office downsizing in Chicago due to remote work, with the inspector general's office citing workforce growth and the need for in-person collaboration as reasons for the move to a larger space in a central location near City Hall.

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Address231 S La Salle St

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