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Inforte, Gresham Making Moves

CHICAGO-Inforte Corp. moves from 150 N. Michigan Ave. to 16,102 sf at 500 N. Dearborn St. next month while Gresham Financial Management shifts to 15,000 sf at 333 W. Wacker Dr. from 123 N. Wacker Dr.

By Mark Ruda | Updated on December 01, 2005

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

CHICAGO-Two professional and financial service tenants have made moves, one staying in the West Loop while the other crosses the Chicago River. While Gresham Financial Management moves two blocks north, Inforte Corp. moves from the East Loop to River North.

Inforte Corp. moves from the 34th floor at 150 N. Michigan Ave. to the 12th and 13th floors at the 91-year-old 500 N. Dearborn St. next month after signing a 16,102-sf deal. “A unique space, spectacular 500-sf deck overlooking Downtown Chicago and a competitive rental rate helped them decide as well,” says CB Richard Ellis vice president Matt Carolan. While terms were not disclosed asking lease rates at Friedman Properties, Ltd. start at $19.50 per sf. However, net lease rates at 150 N. Michigan Ave. start at $13.50 per sf, according to Black’s Guide.

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