Office N Illinois

NKF to broker leases for new, 438k SF office tower

Newmark Knight Frank (NKF) has been engaged as the office leasing agent for 625 West Adams, a new 438,184-square-foot, 20-story, office development in Chicago’s West Loop, in partnership with White Oak Realty Partners and CA Office. The team was hired by the owners, a joint venture between White Oak Realty Partners, Vanderbilt Partners, CA Office and USAA Real Estate Company, to market and lease the highly anticipated development.

 

“We are thrilled to bring this prominent and efficient building to one of the nation’s most prized and sought-after office markets and even more excited to add this group of leasing professionals to our team,” said Tom Saletta of White Oak Realty Partners.

 

625 West Adams will open April 2018 and offer large, 32,000-square-foot office floor plates, 14-foot slab-to-slab, 10-foot finished ceilings, bright 360-degree views, three outdoor terraces, a wellness/fitness center, 1,000-person auditorium, tenant lounge with Fooda, conference center and a 400-car parking garage. On the ground floor, development will feature an expansive multi-story lobby with a private secured entrance for large users, and a restaurant. NKF’s Jon Cordell will lead the brokerage team with colleagues Bill Rolander and Jason Houze assigned to lease the office space for the new development.

 

“250,000 people pass the building every day from the Kennedy, Eisenhower and Dan Ryan expressways, as well as by foot and bike, offering tremendous visibility,” said Cordell. “The large plates, green space and full-service on-site amenities with food options make 625 West Adams the best large-block in the city for the modern HQ looking to recruit and retain the best talent.”

 

Designed by internationally acclaimed Martin Wolf of Solomon Cordewell Buenz and Associates, 625 West Adams broke ground in spring 2016 and is located at the southeast corner of Adams and DesPlaines Streets. The property offers immediate access to outdoor space, with its entrance directly across from Heritage Park. The office tower is within walking distance of the Ogilvie Transportation Center and Union Station and numerous food venues. The general contractor for the development is Power Construction.

 

“625 West Adams is strategically positioned to attract the sophisticated, corporate user that understands the economic and cultural benefits of being in a high-performance office building with efficient large floor plates and a full array of in-building amenities,” said CA Office’s John Dempsey.