NORC Leases 65,606 Square Feet From Health Care Services Corp At Blue Cross Blue Shield Tower

The property involved is an office asset located at 300 East Randolph Street in Chicago, spanning a total of 65,606 square feet. The transaction signifies a leasing arrangement in the market of Chicago, specifically structured for office use.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 300 East Randolph Street
• Market: Chicago
• Square Footage: 65,606
• Landlord: Maurice Smith - Health Care Services Corp.
• Tenant: Dan Gaylin - NORC
• Landlord's Representative: Dan Maslauski & Michael Sessa - Cushman & Wakefield
• Tenant's Representative: Chris O'Leary & Jeff Lindenmeyer - Avison Young

This deal reflects NORC's strategic decision to significantly reduce its office space in downtown Chicago by over 40%, moving from a larger 118,000 square feet at 55 E. Monroe St. The shift is indicative of a broader trend in the market of tenants downsizing while seeking upgraded office environments.