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Spencer Stuart to Lease 100,000-SF at Tower

CHICAGO-The executive search firm has signed a letter of intent for space at 353 N. Clark, which brings the building to more than 80% already leased.

By Gina Kenny | Updated on June 30, 2008

CHICAGO-Spencer Stuart has signed a letter of intent for approximately 100,000 sf at the 45-story office building being constructed at 353 N. Clark, here. The term of the lease will be 15 years, says Gary Kostecki, SVP with Jones Lang LaSalle. Mesirow Financial Real Estate is developing the office tower, which will have nearly 1.2 million sf. The estimated cost of the tower is approximately $400 million, as previously reported by GlobeSt.com.

Bill Rogers, Jeff Liljeberg and Elaine Melonides, all with JLL, are representing the tenant in the lease negotiations. Kostecki and Steve Smith are representing Mesirow in the lease negotiations. The executive search consulting firm will occupy three and a half floors in the building. The tenant will house 350 employees on half of the 23rd floor and floors 24 through 26. The firm is now at 401 N. Michigan Ave., where it is leasing approximately 80,000 sf. The firm decided to move to 353 N. Clark because of “the efficiencies, the amenities (and) the new construction,” Kostecki says. The company is expected to move into 353 N. Clark in June 2010, he tells GlobeSt.com.

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