Medline, a medical-surgical product manufacturer and supply chain provider, is expanding its presence at the Merchandise Mart in downtown Chicago. The company has committed to a long-term lease with Vornado for an additional 110,000 square feet of space on the 12th floor. This will make Medline one of the largest tenants at Vornado’s property which spans over 3.7 million square feet.
The new space will more than triple Medline’s current office footprint from 51,000 to 161,000 square feet and will be located on a single contiguous floor. The lease agreement runs through 2036 and was facilitated by J.Frank Franzese and Steven Bauer from Colliers representing Medline while Andrea Saewitz,Wendy Katz,and Ben Cleveland from Stream Realty represented Vornado.
According to Glen Weiss, Executive Vice President and Co-Head of Real Estate at Vornado,”THE MART aligns perfectly with Medline’s needs” due to its prime location in downtown Chicago as well as its exceptional amenities program.The recent completion of over $70 million worth of renovations including second-floor amenities further solidifies THE MART as a major player in the Chicago office market.
