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Edelman Nears HQ Deal at Gogo Building
Edelman is close to a deal to move its Chicago headquarters from the Aon Center, the Chicago Tribune reported. The public relations giant would lease 125,000 square feet in the West Loop’s Gogo Building at 111 W. Canal St.
CBRE’s Todd Lippman and Kyle Kamin are representing Edelman in the deal. The owner of 111 N. Canal, JPMorgan Asset Management, is represented by Michael Lirtzman of Sterling Bay, which sold the vintage loft office property to JPMorgan for a reported $304 million in 2015.
The deal hasn’t been finalized and Edelman could choose to renew at the Aon Center, the Tribune reported. Edelman’s approximately 170,000-square-foot lease at the 83-story Aon doesn’t expire until 2024, but the firm has a termination option to leave early.
The firm toured other areas of downtown, including the Old Post Office redevelopment and new developments in the Fulton Market District, before choosing 111 W. Canal.
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