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Two Lease Renewals at Civic Opera Building

26,825 SF Renewed at 20 North Wacker Drive
September 2, 2004
The Tower Club, an affiliate of the University Club of Chicago, renewed 16,406 square feet on the 37th, 38th, and 39th floors in the Civic Opera Building located at 20 North Wacker Drive in Chicago.

"The Civic Opera Building is a Chicago icon, and after evaluating other downtown space alternatives, we concluded that this location enables us to best serve our members throughout downtown and the West Loop," said Don Cameron, controller of the University Club. "The building's amenities suit our needs, and we are able to take advantage of the flexible floorplates to begin a series of renovations."

Josh Gorin, corporate managing director of Studley represented The Tower Club. Bob Herber, managing director-leasing of Equity Office, handled the transaction in-house for Equity Office.

National Automatic Merchandising Association (NAMA), the national trade association of the merchandising, vending, coffee service, and contract foodservice management industries, renewed 10,419 square feet on the 35th floor. "This location will continue to serve as our corporate headquarters," said Patrick Caffarelli, chief financial officer of NAMA. "We have been a tenant at the Civic Opera Building for more than two decades, and during that time we have expanded our office space by more than 4,000 square feet. We hope to continue this growth."

"During this difficult economic environment, we continue to see companies interested in taking advantage of favorable market conditions to renew their office space," said Diane Morefield, senior vice president of Equity Office's Chicago Region. "We are pleased to retain The Tower Club and NAMA, influential membership organizations that serve thousands of executives and businesses throughout Chicago and other major cities, respectively."

Tiffany Winne of Studley represented NAMA. Ellen Meline May, leasing representative, handled the transaction for Equity Office.
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