Lee & Associates Represents AFSCME
June Simonian recently represented The American Federation of State, County and Municipal Council 31 in a 12.6 year lease at Michigan Plaza. The union, the largest in Illinois, represents over 100,000 people. The goal of the transaction was to improve the quality of their facility and obtain the best economic transaction possible.
AFSCME has a lease expiring in late 2009 at 29 North Wacker Drive. The move to Michigan Avenue was primarily due to the great economic and concession package, amenities inherent in the Illinois Center Complex, the building’s transportation to and from the major train stations and parking capabilities. In addition, AFSCME was able to secure free furniture for the entire space from an existing tenant.
The new location will be the administrative headquarters for the union and serve as a meeting place for its many members.
AFSCME’s 22, 015 square foot transaction is one of the largest transactions taking place in the Michigan Avenue submarket in 2009.
About Lee & Associates
Celebrating more than 30 years of leadership excellence in commercial real estate, Lee & Associates is one of the largest national commercial real estate providers with regional expertise. As a group of independently owned and operated companies, Lee & Associates currently has 39 offices located in California, Arizona, Idaho, Illinois, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research. Additional information is available at www.lee-associates.com.
For More Information Please Contact:
June Simonian
Lee & Associates
222 N. LaSalle Street Suite 760
Chicago, IL 60601
312-578-1717