Stout Risius Ross (SRR) Extends Lease at One South Wacker Drive
Chicago, IL (June 3, 2011)
Stout Risius Ross, Inc. (SRR), a Chicago based financial advisory firm specializing in investment banking, valuation and financial options, and dispute advisory and forensic services, has restructured its lease at One South Wacker Drive.
The firm, which has been located in the building since 2003, has extended its 24,760-square-foot lease agreement in the building, signaling the firm’s continued growth.
International commercial real estate services firm Studley’s Executive Managing Director Robert Sevim represented the tenant in the transaction. The landlord, TIAA-CREF, was represented by Michael Curran of Jones Lang LaSalle.
“One South Wacker Drive is ideal for SRR. Not only is it a great location, but the building provides great visibility for SRR by way of its exterior monument signage on the corner of Wacker and Madison,” said Mr. Sevim. “We were able to structure an agreement with the landlord that provides our client with material upfront economic benefit in addition to securing future flexibility and growth opportunities while keeping the company in its desired location.
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.
Stout Risius Ross (SRR) is a financial advisory firm that specializes in Investment Banking, Valuation & Financial Opinions, and Dispute Advisory & Forensic Services. SRR’s clients range from Fortune 500 corporations to privately held companies in numerous industries around the world. For more information, visit www.srr.com.
Broker-dealer services provided through Stout Risius Ross Advisors, LLC, member FINRA. All other services provided through Stout Risius Ross, Inc.