Vornado Realty Trust (NYSE: VNO), with Medline, recently announced an agreement to increase Medline's presence at THE MART by 110,000 square feet. The long-term lease agreement with Vornado will run until 2036.
This expansion positions Medline as one of the largest tenants at Vornado's 3.7-million-square-foot property in downtown Chicago. Medline is set to increase its office space in THE MART from 51,000 to 161,000 square feet, expanding to a single, contiguous area that will occupy the majority of the 12th floor.
Headquartered in Northfield, IL, Medline is the largest manufacturer of medical-surgical products in the healthcare sector, as well as a provider of supply chain services and clinical solutions partner. The company enhances clinical, financial and operational results across various care settings, including large healthcare systems, independent physician practices, to home health patients and their families.
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