CHICAGO-MB Real Estate’s asset management and leasing services group has been awarded five new leasing assignments in downtown Chicago. The firm’s leasing portfolio now exceeds 14.4 million square feet with 18 million square feet under management.
The recent leasing assignments include 300 E. Randolph a 1.8-million-square-foot property currently at 98% occupancy; 70 W. Madison a 1.4-million-square-foot-office building with an occupancy of 89%; 30 W. Monroe a 256,000-square-foot building with 52% occupancy; 333 N. Michigan Ave. a 303,000-square-foot property with an 88% occupancy; and 525 W. Van Buren a 522,000-square-foot office property with an occupancy rate of 74%. MB Real Estate will also manage the properties at 30 W. Monroe and 333 N. Michigan Avenue.
“Given the competitiveness of today’s office leasing market, many property owners are seeking the services of smaller, locally based real estate service firms which can provide increased accountability and flexibility,” explains Mark Buth, executive vice president and managing director of leasing services for MB Real Estate. “Headquartered in Chicago for 30 years, our team is highly invested in each assignment offering clients the benefit of our local expertise and an entrepreneurial spirit.”
Buth tells GlobeSt.com that the landlords of the properties are as follows: Gaw Capital Partners, Korean Teacher’s Credit Union own 70 W. Madison; Blue Cross & Blue Shield of Illinois own 300 E. Randolph; Capital Properties own 30 W. Monroe; Daymark Properties Realty own 525 W. Van Buren; and Wirtz Realty Corp. own 333 N. Michigan.
The firm has added Sara Spicklemire and Jesse Slack to the leasing services team to support the increased inventory. Spicklemire joined the firm as vice president from a previous role as vice president for Grubb & Ellis. Spicklemire is a LEED accredited professional, the president of the Young Office Brokers Assoc., and is actively involved in the Chicago Office Leasing Brokers Association and the Greater Chicago Food Depository Real Estate Steerage Committee. Slack has been named associate vice president and also joined the firm from Grubb & Ellis. Slack is an active member of the commercial real estate industry and participates with the National Association of Industrial and Office Properties.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
