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Burke, Warren, MacKay & Serritella Extends Lease At AMA Plaza, Chicago

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LEASED
$24

Indiana

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Office47,000 SF
Leased 05/04/2020
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Property Image
LEASED

Burke, Warren, MacKay & Serritella Extends Lease At AMA Plaza, Chicago

330 North Wabash Avenue

See Similar Deals
Office47,000 SF
Leased 05/04/2020
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Summary

INDIANA
Asset Type:Office
Price Per Square Foot:$24
Total Square Footage:47,000 SF
Transaction Type:Lease

Chicago law firm Burke, Warren, MacKay & Serritella has signed a multi-year lease extension to occupy over 47,000 square feet on the 21st and 22nd floors of AMA Plaza at 330 North Wabash Avenue, a River North landmark owned by Beacon Capital Partners. The lease extension follows a repositioning project by Beacon Capital that updated the building's signage, elevator cabs, lobbies, and HVAC system. Although the firm is downsizing from its previous 55,000-square-foot lease, it is recommitting to the property it has occupied for over 25 years.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 05/05/2023
  • Address: 330 North Wabash Avenue, Chicago
  • Landlord: Beacon Capital Partners - Fred Seigel
  • Tenant: Burke, Warren, MacKay & Serritella
  • Broker: Joe Learner - Savills
  • Asking Rent: $24/ft.
  • Square Footage: 47,000

Fred Seigel from Beacon Capital Partners represents the landlord in the lease transaction with Burke, Warren, MacKay & Serritella. Meanwhile, Joe Learner from Savills acted as the broker for the deal. The lease extension allows the law firm to continue its presence in AMA Plaza, demonstrating their long-term commitment to the property.

Players

Joe Learner
3 deals(312) 595-2915
BROKER

Fred Seigel
Beacon Capital Partners
5 deals$81M volume
LANDLORD

Details

LEASED
IMAGE: Fred Seigel & Joe Learner DATE: 05/05/2023 ADDRESS: 330 North Wabash Avenue MARKET: Chicago ASSET TYPE: Office LANDLORD: Beacon Capital Partners (@BeaconCapital) - Fred Seigel TENANT: Burke, Warren, MacKay & Serritella BROKER: Joe Learner - Savills (@Savills) ASKING RENT: $24/ft. ~ SF: 47,000 NOTE: Chicago law firm Burke, Warren, MacKay & Serritella has signed a multi-year lease extension to occupy over 47,000 square feet on the 21st and 22nd floors of AMA Plaza at 330 North Wabash Avenue, a River North landmark owned by Beacon Capital Partners. While the firm is downsizing from its previous 55,000-square-foot lease, it is recommitting to the property it has occupied for over 25 years, and the lease extension follows a repositioning project by Beacon Capital that updated the building's signage, elevator cabs, lobbies, and HVAC system.

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Deal Type
Effective Rent (Annual)

$1,293,125.59

Total Lease Value

$12,931,255.86

Net Landlord Cash Flow$1,293,125.59