Regions Midwest | Chicago
Barclays Takes Over Lehman Lease in Chicago
Oct 29, 2008

Barclays Bank has assumed the lease for the Chicago office space formerly occupied by Lehman Brothers Holdings Inc. The 110,000 square feet of space at 190 S. LaSalle St. in the city’s Central Loop was taken over by Barclays under the terms of its mid-September acquisition of Lehman’s North American investment banking and capital markets business. It is unclear whether or not Barclays will sublease the space, according to building owner CB Richard Ellis Investors L.L.C. The annual rent, with expenses, is roughly $4.3 million, according to Crain’s.

 
Recent Chicago Headlines
Verizon Signs 72,696-SF Lease Extension in Chicago
Verizon Business Services, a unit of Verizon Communications, signed a 72,696-square-foot lease extension at Michigan Plaza, the two-tower complex located at 205/225 N. Michigan Avenue in Chicago.
New Chicago Lease Further Evidence that ProLogis is Alive and Kicking
Even if the generals have a brilliant plan for victory, wheels still need to roll at the front line if it’s all going to mean anything. In the case of ProLogis, time might still have to tell regarding the warehouse/distribution giant’s recovery strategy, but the ground-level activity seems to be rolling forward much as usual.
Lynd Breaks Ground on First Chicago Property
San Antonio, Texas-based developer Lynd Development Partners is making its first move into the Chicago market with a 300,000-square-foot, 249-unit apartment tower.
Cabot Takes Industrial Portfolio from TIAA-CREF
Cabot Properties has purchased a 788,000-square-foot industrial portfolio, comprising assets in Chicago and Baltimore, from TIAA-CREF.