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Jenner & Block Partner Donald S. Horvath and Of Counsel Ruth A. Schoenmeyer recently helped the owners of Chicago’s Citigroup Center at 500 W. Madison St. to negotiate a lease agreement with Orbitz, Inc., a subsidiary of Cendant Corporation’s Travel Distribution Services.
Orbitz, Inc. will occupy three floors – or 150,000 square feet – in the West Loop office tower. The space will house more than 800 of the company’s employees, and Orbitz, Inc. retains the option to lease two more floors over the next three years.
Cendant’s Travel Distribution Services is based in New York City, but in recent months the company has centralized its online consumer travel subsidiaries in Chicago.