CHICAGO, IL (Mar.7, 2011) – Daymark Realty Advisors, Inc., one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate, today announced that it has secured more than 216,000 square feet in new leases and renewals at Congress Center over the past 18 months. This leasing activity will bring the property’s occupancy rate to 94 percent, its highest point since it was delivered to the market in 2001.
Daymark Realty Advisors manages Congress Center, a 16-story, Class A office building located in Chicago’s West Loop, on behalf of multiple investment programs and individual owners.
Most recently, a lease expansion of 6,000 square feet with the Department of Justice, which will now occupy a total of 50,000 square feet of space, was secured.
Other notable leases over the 18-month period have included Azko Nobel’s 90,000-square-foot lease extension in January 2010; 73,000 square feet of space leased at various times on behalf of various federal agencies; and North American Company for Life and Health Insurance’s renewal of 41,000 square feet.
Other notable leases over the 18-month period have included Azko Nobel’s 90,000-square-foot lease extension in January 2010; 73,000 square feet of space leased at various times on behalf of various federal agencies; and North American Company for Life and Health Insurance’s renewal of 41,000 square feet.
“Despite challenging market conditions, Daymark Realty Advisors has been aggressively pursuing leasing activity in this quality office asset,” said Robert Assoian (top right photo), executive vice president, asset management, Midwest.
Located at 525 W. Van Buren St., Congress Center offers approximately 520,000 square feet of rentable space.
Built in 2001, the building’s amenities include a two-story lobby that features granite, glass, exotic wood and stainless steel trim, 24-hour monitored building security and a secure heated indoor executive parking garage.
Acquired by Daymark Realty Advisors on behalf of investors in January 2003, Congress Center is situated one block from Union Station, Chicago Transit Authority lines and in close proximity to Interstates 90/94 and 290.
Built in 2001, the building’s amenities include a two-story lobby that features granite, glass, exotic wood and stainless steel trim, 24-hour monitored building security and a secure heated indoor executive parking garage.
Acquired by Daymark Realty Advisors on behalf of investors in January 2003, Congress Center is situated one block from Union Station, Chicago Transit Authority lines and in close proximity to Interstates 90/94 and 290.
For more information regarding Daymark, please visit http://www.daymarkrealtyadvisors.com/
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Contact: Damon Elder (714) 975-2659, delder@DaymarkRA.com
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