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Cresa Restructures Office Lease for Attorneys' Title Guaranty Fund, Inc.

CHICAGO, Jan. 26, 2016 (GLOBE NEWSWIRE) -- Cresa Chicago, a corporate real estate advisory firm that exclusively represents tenants, recently negotiated a favorable long-term lease for Attorneys' Title Guaranty Fund, Inc., the premier provider of real estate, trust and litigation support services to its network of 4,000 member attorneys.

Managing Principal Bradley L. Metzger represented Attorneys' Title Guaranty Fund, Inc. in its lease negotiations at One South Wacker Drive. The long-term lease renewal for 31,000 square feet of office space will continue to provide its members and customers with convenient options for the foreseeable future. One South Wacker Drive, a 40-story office tower consisting of 1.2 million rentable square feet, was recently acquired by John Hancock Real Estate in the fourth quarter of 2015.

"We looked throughout the market and One South Wacker Drive continues to best meet the needs of the company and its customers," Metzger said. "This location provides a combination of customer convenience and street visibility, important considerations in their final decision."

ATG is a 4,000-member company founded in 1964, and now operates in Illinois, Indiana, Wisconsin and Michigan. The company is the only bar-related title insurance company in Illinois.

"We have been working with Brad since the late '80s and he once again helped us effectively navigate through all of the options and a changing ownership," ATG President and CEO Peter Birnbaum said. "Although we seriously considered making a change, the location is ideal for our business and the building continues to reinvest in its amenities and infrastructure—both of which were determining factors in our decision to stay."

About Cresa

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, Sustainability, Supply Chain and Facilities Consulting. With more than 50 offices, Cresa is the largest tenant representation firm in North America. Internationally, Cresa covers more than 125 locations in 35 countries. For more information, visit www.cresa.com.

CONTACT: Media Contact Brennan J. Anderson 312-207-2369 x224 bja@ccopartners.comSource: Cresa Chicago