Huron Consulting Group Renews Long-Term Lease At 550 West Van Buren Street In Chicago

The property involved in this lease transaction is an office asset located at 550 West Van Buren Street in Chicago. The total square footage of the property is 83,000 square feet, which reflects a downsizing from the previous footprint of approximately 134,000 square feet. The lease was renewed by Huron Consulting Group, a company that has extended its commitment to the property through 2037.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 550 West Van Buren Street
• Market: Chicago
• Landlord: Duncan Wlodarczak - Onni Group
• Tenant: Mark Hussey - Huron Consulting Group
• Lease Term: long-term

Key individuals in this transaction include Duncan Wlodarczak, representing the landlord Onni Group, and Mark Hussey, representing the tenant Huron Consulting Group. The lease renewal reflects the ongoing trend of hybrid work and the resulting changes in office space requirements in downtown Chicago, where vacancy rates remain elevated despite consistent leasing activity.