CHICAGO, IL– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has been selected as the leasing agent for 300 East Randolph Street, (centered photo below) a 2.3 million-square-foot Class A office building in downtown Chicago.
The building is owned by Health Care Service Corporation, which operates Blue Cross and Blue Shield of Illinois, as well as the Blue Cross and Blue Shield plans in New Mexico, Oklahoma and Texas.
Mark Parrish, (middle left photo) senior vice president, and Sara Spicklemire, (bottom right photo) LEED AP, associate, both members of Grubb & Ellis’ Office Group, will assist HCSC in leasing up to 175,000 square feet of space in the building. Spaces ranging from 15,000 square feet to as much as 130,000 square feet could be made available for occupancy as soon as early 2011. “We are delighted that HCSC has selected Grubb & Ellis as the exclusive leasing agent for this project,” said Parrish. “World-class architecture and access to public transportation and amenities combined with strong, stable ownership and anchor tenancy by HCSC serve to make this an unparalleled opportunity for prospective tenants in the downtown Chicago marketplace.”
The building, fully occupied by HCSC since it was built in 1997, recently completed an unprecedented vertical expansion that added 24 stories comprising 900,000 square feet to what had been a 33-story, 1.4 million-square-foot structure.
For the first time, third party tenants will be added to the expanded building to complement HCSC’s occupancy. All building tenants will have access to the building’s amenities, including its conferencing center, cafeteria, on-site parking and direct access to the Grant Park Garage via enclosed pedestrian overpass. The building, designed by Goettsch Partners, features efficient 32,000-square-foot floor plates.
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