Aon Corporation to Relocate to Amoco Building.CHICAGO--(BUSINESS WIRE)--Sept. 10, 1999-- Aon Corporation announced today that it has signed a long-term sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. agreement to relocate its downtown corporate headquarters to the Amoco Building There are several buildings called the Amoco Building. Among them:
Aon also announced that it has signed a lease for 400,000 square feet in the former Zenith headquarters building in Glenview, Ill. The move will consolidate a number of Aon's suburban offices into one facility and is also scheduled to be completed by the end of 2001. "Relocating to these facilities not only makes good business sense in terms of operating efficiencies, but it also continues to unify Aon," said Patrick G. Ryan, chairman and chief executive officer of Aon Corporation. "They both offer enhanced access to technology and excellent training facilities, provide Aon employees with an array of conveniences, and enable efficient communication across our departments and operating units." According to Mr. Ryan, both relocations follow Aon's thorough review of space alternatives throughout the Chicagoland area. "As our clients' needs become more complex, our goal is to help them anticipate risks, uncover opportunities, and achieve their vision," said Mr. Ryan. "Because of the efficiencies these moves offer us, we will ultimately be in a position to serve our clients better." The Tenant Representation business of Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. led Aon's office relocation review and advised Aon on the sublease agreement. Terms of the sublease agreement were not disclosed. Aon Corporation is a holding company that comprises a family of insurance brokerage, consulting, and underwriting subsidiaries. Aon's common stock (Symbol: AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . |
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