CHICAGO--Three tenants: Nelson, the Jacobson Group and the law offices of Kerns Frost & Pearlman have recently signed leases totaling 32,083 sq. ft. at 30 W. Monroe Street, also known as the Inland Steel building, in the downtown.
Nelson, a design, architecture, engineering, space planning and space management firm, leased the entire second floor, representing 9,384 sq. ft. The company will relocate in April from 55 West Wacker Drive. Jacobson, an international search and staffing firm for the insurance industry, took the full 15th floor for 12,907 sq. ft. Currently located at 120 South LaSalle Street, the firm will occupy its new space in May. The law firm leased 9,792 sq. ft. on the 16th floor. The firm will be relocating from 70 West Madison Street in September.
Robert Sevim, a Studley executive managing director, represented all three tenants in the transactions, part of a wave of new leases signed at the property since a renovation was recently completed at the 19-story office tower. The Nelson transaction was co-brokered with Kyle Kamin of CBRE. Assistant director Kevin Donohoe with Studley assisted Sevim in the law firm transaction. Gary Denenberg and Sara Spicklmire with MB Real Estate are handling the leasing for the building ownership, New York City-based Capital Properties.
“The building has really started to resonate with tenants who value the landmark property’s thoughtful union of classic and contemporary elements,” said Sevim in a statement. “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.”