INTERNATIONAL FELLOWSHIP OF CHRISTIANS & JEWS SIGNS 24,881 SF LEASE EXPANSION
Chicago, IL (December 19, 2011)
The Chicago office of commercial real estate services firm Studley represented the International Fellowship of Christians & Jews (IFCJ) in its 24,881-square-foot lease expansion and relocation at 30 North LaSalle.
The Fellowship currently occupies 15,820 square feet on floors 24 & 26 at 30 North LaSalle but will take an additional 9,061 square feet, and relocate to the 43rd floor, when the lease commences in April 2012.
“We are very fortunate in that we are growing quickly – but that has presented its own set of unique challenges,” said George Mamo, Senior Vice President of the organization. “With Studley’s guidance, we were able to successfully negotiate a favorable new lease arrangement and our landlord was able to accommodate our short timetable.”
When the Fellowship takes over the top floor in March, they will move into space previously designed for a now defunct consulting firm and will capitalize on the existing professional build-out that includes existing furniture, equipment and technology. In addition, IFCJ received significant concessions from the building that will further minimize out-of-pocket moving, installation and space modification expenses.
IFCJ has been a tenant at 30 North LaSalle for the past nine years and, with this lease, now has expansion rights on the 42nd floor.
Studley’s Executive Managing Director Robert Sevim and Associate Director Jon Azulay negotiated the transaction on behalf of the Fellowship. The building’s owner, Tishman Speyer, was represented by Vicky Noonan and Greg Tait.
About International Fellowship of Christians & Jews
The International Fellowship of Christians and Jews (IFCJ), headquartered in Chicago and Jerusalem, was founded in 1983 by Rabbi Yechiel Eckstein for the purpose of building bridges of cooperation and understanding between both faith communities and together supporting Israel and Jews in need throughout the world. To date, the IFCJ has raised two-thirds of a billion dollars to support programs aiding the sick, elderly, orphaned and at-risk populations in Israel, the former Soviet Union, Ethiopia, India, Latin America, and Arab countries. For more information about IFCJ programs and projects, visit www.ifcj.org.
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.