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Architects Redesign 67,000-SF Deal at Michigan Plaza

CHICAGO-Seven years ahead of its lease expiration, Teng & Associates restructures its deal with New York-based Loeb Partners, deciding against a potential build-to-suit move.

By Mark Ruda | Updated on January 05, 2006

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

CHICAGO-Another long-term tenant is staying put at Loeb Partners’ Michigan Plaza. Teng & Associates, which had another seven years left on its 67,000-sf lease at 205 N. Michigan Ave., restructured and extended its deal.

The architectural and engineering firm, which is involved in the condominium and hotel project at 111 W. Wacker Dr., has been a tenant at the two-building, 1.9-million-sf property since 1993. It is the fourth-largest tenant at the property, where MCI, Fox Television and Unilever lead the roster.

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