Argo Group Relocates To Renovated Office In Chicago's Marshall Field Building | 24 East Washington Street | Jeff Miller, Corey Siegrist, Jack O’Brien, Jon-David (JD) Parcheta | Office | Lease

Summary

Lease

ILLINOIS

Office

20,500 sqft

Insurance company Argo Group has signed a long-term lease for approximately 20,500 square feet of office space at 24 East Washington Street in Chicago. The property is located in the Brookfield-owned Marshall Field building, which has been recently renovated. The lease agreement was facilitated by the tenant's representatives, Corey Siegrist and Jeff Miller of JLL, and the landlord's representatives, Jack O’Brien and Jon-David (JD) Parcheta of Telos Group.

Summary of transaction details:

Property Type: Office
Transaction Amount: Not specified
Address: 24 East Washington Street, Chicago
Market: Chicago
Size: 20,500 square feet
Landlord: Brookfield Properties
Tenant: Argo Group

This move follows Argo Group's acquisition by Brookfield Reinsurance and demonstrates the demand for Class A office space in downtown Chicago. Despite the city's high vacancy rate, companies like Argo Group are opting to bring their employees back to the office. The relocation is expected to take place early next year.

Players

All
6

Agents
4
Agencies
2

Jon-David (JD) Parcheta

Vice President

JLL

Telos Group

Details

Deal Summary

LEASED

IMAGE: Christian Vargas, Jeff Miller, Brian Kingston, Corey Siegrist, Jack O’Brien & Jon David Parcheta DATE: 12/14/2023 ADDRESS: 24 East Washington Street MARKET: Chicago ASSET TYPE: Office ~ SF: 20,500 LANDLORD: Brookfield Properties (@BrookfieldProperties) - Brian Kingston TENANT: Argo Group (@LifeatArgoGroup) - Christian Vargas LANDLORD'S REP: Jack O’Brien (@JackoTelos) & Jon-David (JD) Parcheta - Telos Group TENANT'S REP: Corey Siegrist & Jeff Miller - JLL (@JLL) NOTE: Insurance company Argo Group is relocating to a renovated downtown Chicago office at 24 East Washington Street, signing a long-term lease for about 20,500 square feet in the Brookfield-owned Marshall Field building. The move, set for early next year, follows Argo Group's acquisition by Brookfield Reinsurance, emphasizing the demand for Class A office space as companies seek to bring employees back to the office despite Chicago's high vacancy rate.

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Address24 East Washington Street

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