Studley Represents Wiss, Janney, Elstner Associates in Lease Renewal and Extension at 10 South LaSalle Street
Chicago, IL (May 22, 2013)
Wiss, Janney, Elstner Associates, Inc. (WJE) has renewed and extended its lease at 10 South LaSalle Street, Chicago. The structural engineering, architectural, and materials sciences firm will occupy a total of 18,292 square feet beginning in the fall of 2013, increasing its footprint by 3,068 square feet.
“This transaction allowed our client to remain in a preferred location while accommodating their expansion needs,” said Mikrut. “We were also able to negotiate a significant concession package including rental abatement and a capital allowance to fund the full build-out of the expansion space as well as renovate a portion of the existing premises.”
Studley has also represented WJE in lease transactions in Detroit, Burbank, Calif. and New York City.
The landlord, The Feil Group, was represented in the transaction by Mark Baby and Ben Cleveland of JF McKinney.
Wiss, Janney, Elstner Associates, Inc. (WJE), is an interdisciplinary firm of structural engineers, architects, and materials scientists that specializes in the investigation, analysis, testing, and design of repairs for historic and contemporary structures. WJE focuses on delivering practical, innovative, and technically sound solutions across all areas of construction technology. Since the firm's founding more than 50 years ago, WJE specialists bring the collective experience gained from conducting more than 75,000 investigations worldwide to every construction challenge. WJE combines state-of-the-art laboratory and testing facilities, nationwide offices, and knowledge sharing systems to provide solutions for the built world. For more information, please visit wje.com
Studley is the leading global 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 60 offices worldwide, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. For more information, please visit www.studley.com.