Financial terms of the lease agreement between Aon and building owner Multi-Employer Property Trust have not been disclosed. Trammell Crow, which developed 500 E. Pratt St. on behalf of the owner and represented the company, markets space in the building for $32 to $34 per sf. CB Richard Ellis spoke for Aon after having assisted the company in its search for a new space.
Aon's current lease around the corner in the Candler Building at 111 Market Pl. is scheduled to expire next year. The company has been in that site for 15 years and occupies approximately 70,000 sf of space there. An Aon spokesperson tells GlobeSt.com that the smaller office space on Pratt St. will be more a more efficient arrangement than the current setup. Aon is scheduled to relocate to its new offices in February of 2006.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
