The New York-based owner of the Inland Steel Building has signed new leases with three tenants totaling 32,000 square feet, a boost for the landmark structure in the heart of the Loop.
Each of the companies is reducing space as part of moves from other downtown office towers, a sign of how companies continue to try to use space more efficiently to save money amid the uncertain economy.
In one transaction, Philadelphia-based architecture firm Nelson is taking 9,400 square feet at Inland Steel, 30 W. Monroe St., said Robert Sevim, executive managing director in the Chicago office of real estate firm Studley Inc., who represented the tenants in all three transactions. The architecture firm will move its Chicago office on April 1 from 55 W. Wacker Drive, where it has 14,250 square feet.
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