facebook
Traded Co logo
Submit
Daily limit: 0/10

Argo Group Relocates To Renovated Office In Chicago's Marshall Field Building

Property Image
LEASED
Jon-David (JD) Parcheta
Corey Siegrist
+ 2

Illinois

See Similar Deals
Office20,500 SF
Leased
the dealplayerscompscontact
Property Image
LEASED

Argo Group Relocates To Renovated Office In Chicago's Marshall Field Building

24 East Washington Street

See Similar Deals
Office20,500 SF
Leased
Jon-David (JD) Parcheta
Corey Siegrist
+ 2
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:20500 SF
Transaction Type:Lease

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

Jack O’Brien
6 deals(312) 907-2133
BROKER




Brookfield Properties
BROKERAGE

Details

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.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$1,175,047.63

Total Lease Value

$11,750,476.29

Net Landlord Cash Flow$1,175,047.63