(To read more on the net lease market, click here.)
CHICAGO-Investment management firm Hillenbrand Capital, LLC has taken the 39th floor of the 40-story 190 S. LaSalle St., signing a 19,796-sf lease with Jones Lang LaSalle. The deal follows one signed by a new 6,000-sf retail tenant, brothers Kevin and Alan Shikami, who will open a restaurant later this year.
Jones Lang LaSalle senior vice president Jim Philbin and leasing associate Chris Borally represented Hillenbrand Capital, LLC, formed in December. "Hillenbrand had a variety of locations to choose from and they chose 190 S. LaSalle due to its location, prestige and great amenity package," Philbin says.Although terms were not disclosed, asking net lease rates at the building range from $14 per sf to $22 per sf, according to Black's Guide. Vacancy at 190 S. LaSalle St. is 66%, mostly because of the defection of law firm Mayer Brown Rowe & Maw to 71 S. Wacker Dr.
Kudan Group, Inc. principal Jeremy Kudan represented the chefs in negotiations with David Stone of Stone Real Estate.
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