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US Equities Starts as New Manager of Sears Tower

CHICAGO-US Equities Realty starts this week as the new leasing and property manager of the Sears Tower.

By Gina Kenny | Updated on April 03, 2007

CHICAGO-US Equities Realty, headquartered here, begins this week as the new leasing and property manager for the Sears Tower, 233 S. Wacker Dr. US Equities is taking over the reins from CB Richard Ellis. The financial terms of the agreement were not disclosed. The 110-story tower includes office and retail space, a health club, conference facilities, a restaurant, parking space and antenna and broadcasting facilities. The tower also has the famous Skydeck observatory, on the 103rd floor of the building, which attracts more than one million visitors each year.

US Equities officially took over April 1 for the Sears Tower, owned by 233 S. Wacker LLC, which includes American Landmark Properties, the Chetrit Group and the Moinian Group. US Equities chairman and chief executive officer Robert Wislow, vice chairman Camille Julmy and managing director and executive vice president Katherine Scott will be in charge of the leasing and managing decisions for the 3.8 million-sf tower. Senior vice president Jeffrey Barron will “oversee the leasing team’s day-to-day initiatives,” according to a released statement.

Tower management chose US Equities for the new leasing and property manager, in part, because of its experience as the leasing and management agent for the John Hancock Center, 875 N. Michigan Ave., says John Huston, executive vice president of Skokie-based American Landmark Properties. “We wanted a firm that was very good with multi-use properties and US Equities possesses that unique experience necessary to enhance multi-use properties like the Sears Tower and they are also the right fit for the ownership group,” Huston says.

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