Creative Circle Signs Lease at 330 North Wabash

CHICAGOStaffing firm Creative Circle L.L.C. has signed a 7,128-sq.-ft. lease to occupy the 14th floor at 330 North Wabash. The initial term of the lease spans more than five years and begins on March 1, 2013.

The owner of 330 North Wabash Avenue is a joint venture between subsidiaries of Prime Group Realty Trust, a real estate investment trust headquartered in Chicago, and Five Mile Capital Partners L.L.C., a Connecticut-based commercial real estate and alternative investment firm. PGRT is the property and redevelopment manager and leasing agent for the property.

Creative Circle was represented by Allen Rogoway of Cresa Partners Chicago L.L.C. and Carlo Brignardello of Cresa Partners Los Angeles. PGRT was represented by Steven R. Baron, its executive vice president of leasing.

With the Creative Circle lease, 330 North Wabash is approximately 89 percent leased.

The building was designed by architect Mies van der Rohe and completed in 1971. In 2008, the property was designated with landmark status.

Currently undergoing renovations that include a new fire and life safety system, new restrooms, elevator cab updates and asbestos abatement, 330 North Wabash will also begin to offer tenants a new 5,000-sq.-ft. fitness center, café and a conference center.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites