WEDNESDAY, OCTOBER 07, 2009

University of Phoenix expands in Chicago

by Illinois Real Estate Journal Reports
Chicago

Grubb & Ellis Co. has represented the University of Phoenix in a lease renewal and expansion at 203 N. LaSalle St., bringing the institution's total occupancy to approximately 44,000 square feet.

"The University of Phoenix has experienced a significant increase in enrollment, driving the need for additional classroom space," said Craig Cassell, vice president in the Office Group at Grubb & Ellis and tenant representative in the transaction. "The available space on the floor directly above the school's currently occupied space proved to be an excellent solution."

The university's existing lease of 27,000 square feet was originally scheduled to expire within the next several years. The renewal and lease expansion, which provides an additional 17,000 square feet of space, has been signed on a long-term basis.

The landlord, M&J Wilkow, was represented directly by Jack O'Brien

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