Riverview Realty Partners and Studley announced today that an affiliate of Assisted Living Concepts, LLC (ALC), a leading provider of senior housing with more than 200 assisted living residences across the United States, has entered into a lease at 330 North Wabash in downtown Chicago with an affiliate of Riverview. The lease provides for ALC to lease 25,265 rentable square feet of space on the 37th floor of 330 North Wabash to house its corporate headquarters beginning in December of 2013.
ALC was represented in this transaction by Robert Sevim and Joseph Learner, of Studley, Inc. Riverview Realty Partners was represented by its Executive Vice President of Leasing, Steven R. Baron.
The building has undergone a renovation that includes a new state of the art fire and life safety system, new restrooms, elevator and cab modernizations, updating the building’s HVAC system, and asbestos abatement. Also recently completed for the benefit of all of the building’s tenants is a new 5,000 square foot state of the art fitness center, a food service cafe and a conference center.
According to Sevim, “ALC sought a real estate solution that provides the ultimate confluence of benefits – an abundance of building and neighborhood amenities, a convenient location for city and suburban commuters and a building that offers operational advantages to allow ALC to design an efficient and collaborative workplace for its employees.”Assisted Living Concepts Signs 25,265 SF Office Lease in Downtown Chicago
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