Law Firm Renews for 31,000 SF at 70 W. Madison

(To read more on the net lease market, click here.)

CHICAGO-With about two years left on its lease, Butler Rubin Saltarelli & Boyd LLP has struck a new deal with Hines Interests, LP for 31,000 sf at Three First National Plaza. The law firm has been in the market since last year, according to its tenant representatives at Studley.

Butler Rubin Saltarelli & Boyd had 27,600 sf over two floors, but sought additional, contiguous space in the building it has called home since it was built in 1981. “After an exhaustive search of potential relocation options in the Central and West Loop, an early restructure and expansion package at Three First National proved to be the more fiscally prudent option,” says Studley senior managing director David J. Gelfand, who has represented the law firm since 1986. Gelfand negotiated with Hines leasing director Ted Minorini.