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Bankers Life Locks in 207,000-SF Office Lease

CHICAGO-Bankers Life and Casualty Co. is the largest tenant at 600 W. Chicago, which was acquired earlier this year by a group of New York City investors for $300 million.

By Gina Kenny | Updated on September 25, 2007

CHICAGO-Bankers Life and Casualty, based here, has extended its lease for five years at 600 W. Chicago. Bankers has leased 207,536 sf in the 1.7-million-sf building since 2003. The lease, which would have expired in 2013, has been extended until 2018, says Lisa Konieczka, executive vice president with CB Richard Ellis.

Konieczka and Cal Wessman, also with CB Richard Ellis, represented Bankers in the lease transaction. Brad Despot, senior vice president with Jones Lang LaSalle, represented the building owner. A group of New York City investors, led by real estate attorney Victor Gerstein, acquired the building in May for a reported $300 million from a partnership including Taconic Investment Partners, Angelo Gordon & Co. and Centrum Properties Inc.

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