MB Real Estate has completed a lease renewal and expansion for Heartland Alliance at 208 S. LaSalle in Chicago.
The firm’s Andrew Davidson, executive vice president/managing director and David Burkards, senior vice president, represented the tenant in the lease negotiations.
Heartland Alliance is a human rights and services organization helping people living in poverty or danger improve their lives and realize their human rights. The group provides access to and assistance with housing, healthcare, economic opportunities and the justice system. Heartland Alliance was founded in Chicago in 1888 where it remains headquartered to this day.
“With a right to cancel approaching in 2014, Heartland Alliance considered numerous other properties in their search,” Burkards said. “However, ownership was willing to terminate the existing lease and offer terms amenable to the tenant under a new lease which also relocates the firm from the 18th floor to the 13th floor to accommodate their expansion.”
Davidson and Burkards negotiated a lease renewal and extension for the organization totaling 36,896 square feet. Building ownership was represented by J. Paul Beitler, president, and John Paul Beitler III, vice president, of Beitler Real Estate Services.
