Peerless Subleases 13,586 SF at Gateway Two
May 4, 2010
By: Robert Carr

Trading firm RJ O’Brien & Associates LLC has subleased 13,586 square feet of office at 222 S. Riverside Plaza for four years to Peerless Network Inc., a telecommunications company. Peerless will occupy the space as its headquarters, moving from just more than 9,000 square feet in 225 W. Washington St. ...

... “The space fit perfectly with Peerless’ needs, with offices overlooking the Chicago River and fully furnished, plus a rental rate significantly less than direct space,” Smith tells GlobeSt.com. He says the asking direct rental rate in the building is $22 per square foot, net, and $36 per square foot, gross. The tower, also known as Gateway Plaza Two, is owned by Behringer Harvard. Richard Schuham and Marc Brash with Studley represented RJ in the sublease. ...

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