Transwestern Real Estate Services (TRS) announces that IRI, a data analytics and market research firm, signed a long-term, 80,594-square-foot lease at 203 N. LaSalle in the Central Loop submarket. IRI has relocated to the property after 30 years at 150 N. Clinton St. in the West Loop. Transwestern Executive Vice President Eric Myers provided leasing services and represented the landlord, Sumitomo Corporation of Americas (SCOA), in the transaction.
The Transwestern office leasing team has closed over 155,594 square feet of new tenant leases in the last 24 months. 203 N. LaSalle is now 80% leased, up from 56% when Transwestern was awarded the assignment. Transwestern is now marketing the last 91,839-square-foot large block available in the building.
203 N. LaSalle is a 27-story, 624,724-square-foot, Class A office tower in Chicago’s Central Business District. The LEED Platinum building has enclosed parking for 1,200 cars and has completed a $15 million capital improvement project, installing first-class amenities including an updated, modern lobby and retail concourse, multi-purpose conference center, tech-enabled tenant lounge and full-service fitness center.
Meredith O’Connor, Jake Ehrenberg and Matt Carolan of JLL represented IRI in the transaction.