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One Prudential Plaza Gets A Revival

CHICAGO—Telos Group has recently completed 230,000-square-feet of transactions in the East Loop tower, and officials say the neighborhood is now the go-to alternative to River North.

By Brian J. Rogal | Updated on October 08, 2014

CHICAGO—More than fifty years ago, the Prudential Building was the tallest in Chicago, but in the intervening years it was overshadowed by more modern towers on N. Michigan Ave. and in the Central Loop. But the opening of Millennium Park has once more made its East Loop neighborhood, long the most anemic office submarket in the CBD, a destination for growing companies, and the Prudential Building, now called One Prudential Plaza, has been taking advantage of the opportunity.

The Telos Group LLC, for example, has just signed Cision to a long-term lease for 49,464-square-feet in the 41-story building. Cision, a provider of public relations software and services, will leave a S. Michigan Ave. space and occupy the entire seventh floor. Jesse Van Dyke, executive vice president of JLL, represented Cision in the transaction. Matt Pistorio and Bill Truszkowski, both senior vice presidents of Telos, represented the building’s owners.

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