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SRR Nearly Doubles Space at One South Wacker

CHICAGO-Stout Risius Ross, headquartered here, signs a lease to nearly double its space at the 40-story high rise.

By Gina Kenny | Updated on March 07, 2007

CHICAGO-Stout Risius Ross has signed an 11-year lease for 24,761 sf at One South Wacker Dr. The financial and operational advisory firm had been subleasing 13,125 sf for approximately the past five years, says Michael Curran, vice president with Jones Lang LaSalle. Michael Kern, chief operating officer for SSR, says the firm is nearly doubling its space due to the growth of their valuations and their investment groups.

Curran and Steve Smith, with Jones Lang LaSalle, represented TIAA-CREF, the owner of the building, in the transaction. Bill Mass, with Mass Realty, represented SSR. The firm will move into the new space, occupying the entire 38th floor, in April. “This is the second to the top floor of the building and the views in this case were a critical component for Stout,” Curran says. “They were looking to not only upgrade their space but also their image, so views played a very important role in this deal.”

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