The property asset involved in this transaction is located at 303 West Erie Street, Chicago, with a lease term of 8 years under a Modified Gross Lease. The asking rent for the space is $33 per square foot, covering a total of 9,695 square feet. This office space is situated within an industrial timber loft building, which signifies its unique architectural style and functionality.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $33/ft
• Address: 303 West Erie Street
• Market: Chicago
• Landlord: Alvarez & Marsal Property Investments
• Tenant: Mason Awtry - Rightsize Facility
• Landlord's Representative: Abby McFadyen & Matt Pistorio - Madison Rose
• Tenant's Representative: Joe Zona - Newmark
• Lease Term: 8 years

Rightsize Facility, represented by Joe Zona from Newmark, is relocating within the same building to a new 5th floor space that will include a design showroom, customer experience center, and a sustainability center. This move supports the tenant's growth and enhances their operations in Chicago, where Wurkwel’s headquarters are also based.