WEDNESDAY, NOVEMBER 25, 2009

HSS awarded new lease in Chicago

by Illinois Real Estate Journal Reports
Chicago

The U.S. General Services Administration (GSA) successfully negotiated and awarded a new lease agreement for the Department of Health and Human Services' (HHS) Chicago Regional Office on November 20, 2010. The 10-year firm term lease was awarded to the successful Offeror, Parkway Properties, LLC, an affiliate of Parkway Properties, Inc, a self-administered real estate investment trust. Since Parkway Properties, LLC is the current Lessor, HHS shall continue to be housed at Two Illinois Center, 233 N. Michigan Avenue, Chicago, Illinois.

The lease totals 184,042 rentable square feet of space on six floors and includes 21 parking spaces. Upon the completion of renovations to its space, the new lease will commence in the winter of 2010.

Clair Jones, GSA Leasing Contracting Officer, managed the procurement and awarded the lease. Jones Lang LaSalle (JLL) represented the Government in this procurement process.

GSA provides a centralized delivery system of products and services to the federal government, leveraging its enormous buying power to get the best value for taxpayers.

Founded in 1949, GSA manages more than 11 percent of the government's total procurement dollars and $24 billion in federal assets, including 9,600 government-owned or leased buildings and 213,000 vehicles.

Leopardo Builds MRI Operating Suite Knightsbridge Design + Build selected as general contractor for MOB Grubb & Ellis secures lease renewal with U of C Medical Center Irgens purchases Oak Brook site for future medical development Burr Ridge Medical Center Under Construction Meridian Design Build contracted for medical build-out New medical center opens in Mishawaka, Ind. Reed Construction selected for 70,000 SF lab build-out Minnesota medical building earns LEED recognition Real estate investment trust purchases medical office in Indiana