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Education Dep't Settles Into 10-Year Office

CHICAGO-The US Department of Education's Region V team has moved into Citigroup Center, taking 92,902 sf or two full floors of the class A space.

By Gina Kenny | Updated on March 19, 2007

CHICAGO-The US Department of Education has settled into 92,902 sf or two full floors of Citigroup Center. The Region V office is locked into a 10-year term.

The department moved to the 1.4-million-sf high rise at 500 W. Madison St. from 111 N. Canal St. The region includes Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin.

Ann Tomlinson, senior vice president with MB Real Estate, which manages the building, won’t disclose the lease rate or the deal’s aggregate value. The average lease rate in the class A building is $33 per sf to $40 per sf, gross. And, she tells GlobeSt.com, the department’s lease “falls right within that range.”

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