Chicago Team Takes Over 582,400 SF Landmark High Rise in Central Loop
January 07, 2021
CHICAGO – Transwestern Real Estate Services (TRS) announces that it has been selected by Commerz Real, asset manager of German Commerzbank, to provide exclusive leasing services for The National – 125 S. Clark, a 20-story, 582,400-square-foot office building in Chicago’s Central Loop submarket. Executive Vice President Eric Myers and Senior Vice Presidents Jeff Dowdell and Kathleen Bertrand will provide leasing services on behalf of the owner.
“We are thrilled to partner with Commerz Real as The National welcomes current and new tenants back to the office in 2021,” said Myers. “This historical landmark offers tenants a complete amenity package as well as two new, furnished suites that are immediately available.”
Built in 1907, The National is a designated Chicago Landmark designed by Daniel Burnham. The building was renovated in 2015 to include a new fitness center; a tenant lounge with a bar, pool table and collaborative seating; and an outdoor terrace with shuffleboard. This renovation also included the addition of Revival Food Hall, a 24,000-square-foot dining marketplace that features 15 local restaurants in a grab-and-go setting.
The National is 92% leased with brand new spec suites available on the second and 10th floors. It is located within walking distance to a variety of dining, shopping and entertainment options, as well as both the Monroe and Jackson “L” stations.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
About Commerz Real AG
Commerz Real is a subsidiary of Commerzbank AG with more than 45 years of market experience and approximately 34 billion euros in assets under management. The company combines comprehensive know-how in asset management and a broad-based structuring expertise to deliver its signature range of services of fund products focused on tangibles and bespoke financing solutions. The fund spectrum includes the open-ended real estate fund Hausinvest, institutional investment products as well as entrepreneurial participations in real estate, aircraft, regenerative energy and ships. In its role as leasing company of Commerzbank Group, Commerz Real offers tailored equipment leasing concepts along with bespoke financing arrangements for assets such as real estate, big-ticket equipment and infrastructure projects. www.commerzreal.com/en/.