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C&R Takes Last Full Floor at 500 N. Michigan

CHICAGO-C&R Research Services Inc. is expanding by 40% to 48,861 sf in the building, and now occupies more than 15% of the office space.

By Gina Kenny | Updated on September 16, 2007

CHICAGO-C&R Research Services, a marketing research firm, has signed a lease for 48,861 sf and will occupy the entire 11th floor at 500 N. Michigan Ave. The firm had previously leased 34,661 sf, making the expansion an increase of 40% more space. The term of the lease is coterminous with the firm’s lease that was renewed for a 15-year term in 2005, says Robert Sevim, corporate managing director with Studley.

Sevim represented C&R Research in the lease transaction. Building owner Zeller Realty, which is headquartered here, was represented in-house by Bob Six and Paul Eleftheriou.

C&R Research is the largest tenant in the building, leasing more than 15% of the building. “They have grown organically [and] quite aggressively over the past five to seven years,” Sevim says. The marketing research firm has been a tenant in the building for more than 15 years, Sevim says. The firm is leasing the last full floor available, Sevim says. The 322,443-sf class B office building, which was designed by Skidmore, Owings & Merrill, was constructed in 1967 and renovated in 1990.

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