CHICAGO- In the past few months, three new tenants have signed sizable leases for a total of 32,083-square-feet of space in the Inland Steel building at 30 W. Monroe St. The owner, New York-based Capital Properties, recently completed a renovation of the 19-story landmark structure, which was listed on the National Register of Historic Places in 2009.
Robert Sevim, the executive managing director in the Chicago office of Studley, the commercial real estate firm, represented all three tenants. Gary Denenberg and Sara Spicklemire of MBRE handled the leasing for the building. The transactions include:
· NELSON, a design, architecture and engineering firm, leased the entire second floor, representing 9,384 square feet. NELSON will relocate this month from 55 West Wacker Dr. The transaction was co-brokered with Kyle Kamin an executive vice president of CBRE.
· The Jacobson Group, an international search and staffing firm, took the full 15th floor for 12,907-square-feet. Currently located at 120 South LaSalle St., the firm will move into the new space in May.
· The law firm of Kerns Frost & Pearlman, which provides legal services primarily to the financial industry, leased 9,792-square-feet on the 16th floor. The firm will relocate from 70 West Madison St. in September. Assistant Director Kevin Donohoe of Studley assisted Sevim in this transaction.
The building was designed by Skidmore Owings & Merrill and first opened in 1958. It is the largest project to employ the principle of clear-span construction and leave the interior spaces free of supporting columns. It was declared a landmark by the city of Chicago in 1998.
“The building has really started to resonate with tenants who value the landmark property's thoughtful union of classic and contemporary elements,” said Sevim. “Importantly, the open floor plan is economically advantageous in terms of superlative space efficiency– the ability to space plan within a highly flexible interior –and supports the dynamic and collaborative work environments sought by many of today's companies, regardless of industry type.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
