Clear Channel/Chicago Consolidates Space
August 20, 2009 at 4:38 AM (PT)
CLEAR CHANNEL/CHICAGO is reducing its real estate footprint and saving some money by leasing 107,000 square feet at 233 N. Michigan Ave. for nearly 15 years, reports COSTAR.COM.
The company has extended its lease of approximately 72,000 square feet on the 27th and 28th floors, which it has occupied since 2002, according to COSTAR information. These two floors house a number of the company's radio stations, including WGCI, WKSC, WGRB and WLIT.
Additionally, CLEAR CHANNEL will move KATZ MEDIA GROUP, to the 33,422-square-foot third floor from NBC Tower at 455 N. Cityfront Plaza Drive in FEBRUARY.