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Triple Net Awards 1M-SF Leasing Assignment to JLL

CHICAGO-Triple Net Properties Realty Inc., based in Santa Ana, CA, hands the leasing rights to 123 N. Wacker and 525 W. Van Buren to the Chicago team of Jones Lang LaSalle.

By Dana Dubriwny | Updated on October 18, 2005

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

CHICAGO-Santa Ana, CA-based Triple Net Properties Realty Inc. has awarded Jones Lang LaSalle the leasing assignments for 123 N. Wacker and 525 W. Van Buren. The two properties, located in Chicago’s West Loop, total more than one million sf.

Most recently, Triple Net acquired the 540,676-sf building along Wacker Drive from Dallas-based Prentiss Properties for $174 million, using a $150-million financing package from GE Real Estate Capital and MMA Realty Capital. Jones Lang is marketing 13,000 sf of available space. Tenants of the building include Morton International, Meckler, Bulger & Tilson and Man-Glenwood Inc.

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