CHICAGO – Transwestern today announced it has been named the exclusive leasing agentfor150 East Huron, a 92,801-square-foot office building near Chicago’s Magnificent Mile. The Transwestern leasing team will be led by Katie Steele, Vice President and include the recently hired Courtney Baratz, Senior Associate along with Michael Lirtzman, Executive Vice President. Transwestern has also been selected as property manager for the office portion of the building owned by Driftwood Hospitality Management, LLC.
“This property offers a unique opportunity for medical office tenants due to its strategic location near Chicago’s expanding Northwestern medical campus and ample amenities,” stated Lirtzman. “We are pleased to welcome Courtney to the team and to this assignment. Her knowledge and creativity along with Katie’s prior leasing experience of this building will result in a successful leasing partnership for this building."
The 40-story building houses office on floors 8-13 and is currently 86 percent leased. It is connected to the Avenue Hotel at 160 East Huron, which is being converted into a Hampton Inn/Homewood Suites by Hilton. Due to the renovation, 150 East Huron will benefit from a renovated office lobby with new finishes, new elevator cabs and updated corridors. Built in 1981, this propertyfeatures a fitness facility, rooftop pool, valet parking, ground floor restaurant and bar, 24-hour business center and barber shop. The building offers cityscape views of the Magnificent Mile and is within walking distance to award-winning restaurants, retail, entertainment as well as medical and health services.
Lirtzman added, “Courtney has a solid reputation as an innovative and creative leasing broker. Her ideas extend beyond the traditional and we are excited to see in what direction her inspiration will lead.”
Prior to joining Transwestern, Courtney served as Leasing Manager for the Irvine Company, the leading owner and operator of Class A+ properties in California, where she was responsible for leasing two million square feet of office space, as well as pursuing acquisitions and new business development. Her unique approach to leasing increased the portfolio’s occupancy by 10% to achieve a 92% occupancy rate in a 9 month period. Additionally, Courtney worked for CBIZ Gibraltar Real Estate Services as a tenant representative broker in the CBD.
Baratz is a member of the YoungOffice Brokers Association (YOBA), the Chicago Office Leasing Brokers Association (COLBA) and the Anti-Defamation League (ADL).
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.