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Relativity Cuts Leased Office Space In Chicago's 231 South LaSalle Street

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LEASED
$35
Jack O’Brien
Matthew (Matt) Whipple
+ 2

Illinois

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Office100,000 SF
Leased
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LEASED

Relativity Cuts Leased Office Space In Chicago's 231 South LaSalle Street

231 S La Salle St Chicago, Il 60604, Usa

See Similar Deals
Office100,000 SF
Leased
Jack O’Brien
Matthew (Matt) Whipple
+ 2
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:100000 SF
Transaction Type:Lease

Relativity is cutting its leased office space at 231 South LaSalle St. in Chicago from 180,000 to 100,000 square feet. Additionally, Northern Trust is vacating 200,000 square feet from the same property. The property, owned by Beacon Capital Partners and managed by Fred Seigel, is an office building located at 231 South LaSalle Street in the Chicago market.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 231 South LaSalle Street, Chicago
  • Market: Chicago
  • Tenant: Relativity
  • Tenant's Rep: Brad Serot & Paul Reaumond - CBRE
  • Landlord: Beacon Capital Partners - Fred Seigel
  • Landlord's Rep: Jack O’Brien & Matt Whipple - Telos Group
  • Asking Rent: $35/ft.

The deal involved various individuals and companies. Jack O’Brien and Matt Whipple from Telos Group represented the landlord, Beacon Capital Partners. Brad Serot and Paul Reaumond from CBRE served as the tenant's representatives for Relativity.

Players

Bradley (Brad) Serot
11 deals(312) 935-1403
BROKER




Fred Seigel
Beacon Capital Partners
5 deals$81M volume
LANDLORD

Details

LEASED
IMAGE: Fred Seigel DATE: 08/25/2023 ADDRESS: 231 South LaSalle Street MARKET: Chicago ASSET TYPE: Office LANDLORD: Beacon Capital Partners (@BeaconCapital)- Fred Seigel TENANT: Relativity LANDLORD'S REP: Jack O’Brien & Matt Whipple - Telos Group TENANT'S REP: Brad Serot (@BSerot) & Paul Reaumond - CBRE (@CBRE) ASKING RENT: $35/ft. ~ SF: 100,000 NOTE: Relativity is cutting its leased office space at 231 South LaSalle St. in Chicago from 180,000 to 100,000 square feet. Northern Trust is also vacating 200,000 square feet from the same property.

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Deal Type
Effective Rent (Annual)

$4,012,357.76

Total Lease Value

$40,123,577.59

Net Landlord Cash Flow$4,012,357.76