Mixed-Use

CHICAGO — Jones Lang LaSalle has represented Spencer Stuart in leasing approximately 100,000 square feet of space within Mesirow Financial Real Estate’s 45-story, Class A office tower located at 353 N. Clark in Chicago’s River North. Spencer Stuart, which is slated to relocate in 2010, will occupy space of four floors — half of floor 23 and floors 24 through 26 — to accommodate 350 employees. When the 1.17 million-square-foot office tower is completed in 2009, it will feature three restaurants, a health club and underground parking. Bill Rogers, Jeff Liljeberg and Elaine Melonides of Jones Lang LaSalle negotiated the transaction on behalf of Spencer Stuart.

EAST LANSING, MICH. — Strathmore Development Co. has been approved to begin construction of City Center II, a $116 million, 5.8-acre brownfield redevelopment located at Grand River Avenue and Abbot Road, adjacent to Michigan State University, in the East Lansing central business district. The central feature of City Center II will be a 10-story mixed-use building containing 80 residential units, a 400-seat performing arts theater, Hotel Indigo, an upscale bistro and wine bar, retail space, and an office component. Other facets of the project include a six-level parking structure containing 520 spaces; a five-story, mixed-use building with first-floor retail and residential units above; a four-story residential building; and 12 townhome condos. Lansing, Mich.-based Clark Construction Co. and Grand Rapids, Mich.-based Fryling Construction will manage project construction. Demolition and construction of the project, which is expected to achieve LEED certification, is slated to commence in the fourth quarter, with completion scheduled for the first quarter of 2011.