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JLL Increases Building Occupancy 15% in Year

CHICAGO-Jones Lang LaSalle has increased by 15% the amount of sf leased at 600 W. Chicago Ave., bringing the occupancy to 75% in the past 12 months.

By Gina Kenny | Updated on February 20, 2007

CHICAGO-Jones Lang LaSalle has increased the occupancy to 75% at 600 W. Chicago Ave. in the River North neighborhood. In the past 12 months, the percentage of sf leased has increased by 15%, says leasing agent Brad Despot.

In the past two years, Jones Lang LaSalle has leased about 450,000 sf. “Specifically in 2006 we have attracted some pretty big names, and I think that kind of picked up on the momentum of 2005,” he says.

One of the major new leases was the Big Ten Network, who signed in August a lease for 44,000 sf of office and studio space. Celsis Inc., a provider of products and services to the pharmaceutical and consumer products industries, will be approximately doubling their office space to 18,000 sf on the sixth floor, Despot says. Both Big Ten Network and Celsis are expected to take occupancy this summer.

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