Previously, the REIT retained Schwartz, Cooper, Greenberger & Krauss Chartered, which renewed its lease and took an additional 6,843 sf, giving the firm nearly 61,000 sf on the 27th, 28th and part of the 26th floor. Although terms were not disclosed, Prime Group Realty Trust is asking $14 per sf to $18 per sf on net lease rates at the building, where vacancy is 16.6%.

"When I placed Cremer, Kopon at 180 N. LaSalle in 2000, it was a landlords' market," recalls Studley senior managing director Lisa Davidson. "It was very difficult to attain any sort of concession for tenants. But since I expected Cremer, Kopon to grow in the future, I fought hard for a termination right and got it."

The termination option was set to kick in next year. Meanwhile, the law firm asked Studley to review potential relocation options. However, Cremer, Kopon, Shaughnessy & Spina ultimately found its best deal was remaining in the Central Loop office building.