Bob Gillespie, SVP and Melissa Rubenstein, VP with CBRE, will act as the leasing agents for the properties. "Behringer Harvard felt they would benefit by placing more business with fewer firms," Gillespie says. He would not comment on the hiring cost.
The Wacker Drive building, a 755,000-sf office constructed in 1981, has an 80% occupancy rate, which is expected to drop about 14% in the next couple of years due to tenant rollover. Asking lease rates in the building range from $21 to $24 net, Gillespie says. The building offers a newly revamped lobby and central security system, and was previously marketed by the John Buck Co.
At the Riverside building, the 1.2-million-sf property has a 98% occupancy rate, with asking lease rates ranging from $22 to $24 net. The building offers a 200-person conferencing facility, fitness center, and numerous restaurants.
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