HSA REPRESENTS OWNERSHIP OF THE HISTORIC SULLIVAN CENTER IN DOWNTOWN OFFICE LEASE
October 3, 2008
Wayne Shulman, senior vice president, HSA Commercial Real Estate, represented ownership of the historic Sullivan Center at 33 South State Street, Chicago, Ill., in leasing 10,896 square feet to PSA-Dewberry, an architectural firm. Shulman is the exclusive leasing agent for office portion of the building on behalf of Joseph Freed & Associates, owner and redeveloper of this landmark turn-of-the-century classic.
This Louis Sullivan-designed national historic landmark has been extensively restored in the past several years by Freed. In 2007, 400,000 additional square feet of office space became available when Carson, Pirie, Scott vacated the building. Joseph Freed & Associates no has its headquarters in the property, while Gensler, the global architectural design firm, occupies over 50,000 square feet. The School of the Art Institute of Chicago recently opened a 32,000-square-foot contemporary art gallery on the seventh floor. The remaining 220,000 square feet of available office space includes 165,000 square feet of contiguous space in this 1 million-square-foot, multi-use facility.
PSA-Dewberry is a national architectural and engineering services firm headquartered in Fairfax, Vir. They are consolidating offices located in Naperville, Ill., and Chicago’s South Loop into their new space in the Sullivan Center. They were represented by Jason Kleiman of CB Richard Ellis. Occupancy is scheduled to occur on December 1, 2008.
Celebrating 27 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. Along with developing all kinds of commercial real estate across the United States, its brokerage divisions have completed more than 7,500 transactions in 43 states representing both owners and tenants, the asset management division currently manages a property portfolio in excess of 15 million square feet in 12 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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