The asset involved in this transaction is an office space located at 321 North Clark Street in Chicago. The total square footage of the property is 90,000. The leasing transaction marks a significant development as AAR Corp. relocates from a smaller office to this new location within the Merchandise Mart.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 321 North Clark Street
• Market: Chicago
• Landlord: Steven Roth - Vornado Realty Trust
• Tenant: John M. Holmes - AAR Corp.
• Brokers: Andrea Saewitz, Wendy Katz & Ben Cleveland - Stream Realty Partners
• Total SF: 90,000

This lease deal was facilitated by Stream Realty Partners representing Vornado Realty Trust. The agreement signifies a major expansion for AAR Corp. and contributes to the leasing activity at the Merchandise Mart, which has recently undergone a $40 million renovation, achieving an occupancy rate of 84%.