C&R Research Services "will enjoy superior economics and the flexibility to remain agile in an ever-changing business climate for years to come," says Studley corporate managing director Robert Sevim, who represented the firm in negotiations with CB Richard Ellis' Paul Eleftheriou. The new deal capitalizes on current office market lease rates, according to Studley, as well as more room in the 37-year-old building. Recent published gross lease rates at 500 N. Michigan Ave. start at $20 per sf.

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