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Olam International Leases 80K-SF at Marshall Field Building
Olam International, a Singapore-based food ingredient supplier, signed a 15-year deal to occupy 80,000 square feet at 24 East Washington Street, reported Crain’s Chicago Business.
JLL brokers Matt Carolan and Christine Bower represented Olam in the deal, while Jack O’Brien and JD Parcheta of Telos represented Brookfield Properties. The deal more than doubles Olam’s current workspace of 35,000-square-foot space at 200 West Jackson Boulevard, which is owned by Nightingale Properties.
Nightingale is currently at the center of a controversial crowdfunding scandal involving the real estate platform CrowdStreet, amid missing funds raised from retail investors to buy properties with Nightingale in Atlanta and Miami Beach.
Toronto-based Brookfield performed a major overhaul on the upper floors of the Marshall Building in 2018, and this February, Brookfield landed a 31,000-square-foot lease there with Indianapolis-based logistics firm Spot.
