Office N Illinois
Podolsky Circle represents seller of office/flex property in $2.6M transaction

Podolsky Circle represents seller of office/flex property in $2.6M transaction

Podolsky Circle CORFAC International facilitated the sale of 1000 E. State Parkway in Schaumburg, Illinois. The Podolsky Circle Middle Market Investment Advisory Team, comprised of managing principal Alissa Adler, principal John Homsher, CCIM and senior vice president Paul Tesdal, represented the seller, Clear Height Properties, in the transaction. The property sold 100 percent leased to a high-net-worth investor for $2,675,000 ($61.00 per square foot).

Office N Illinois
East Loop trophy office hits the market

East Loop trophy office hits the market

JLL has begun the process of marketing 303 East Wacker, part of the Illinois Center complex, an 861,000-square-foot riverfront office tower in Chicago’s popular East Loop submarket. International director Bruce Miller and managing director Nooshin Felsenthal are leading the JLL team handling the assignment.

Office N Illinois
Publicis expands lease in Leo Burnett Building, will now occupy 681k SF

Publicis expands lease in Leo Burnett Building, will now occupy 681k SF

CBRE represented the owner of 35 W. Wacker Drive, an investor account advised by the U.S. real estate business of UBS Asset Management, in the extension and expansion of a lease for Paris-based media firm Publicis, which will now occupy 681,545 square feet at the marquee property in Chicago. Known as the “Leo Burnett Building,” the property will now be 100 percent leased with this transaction.

Office N Illinois
Servcorp coworking space inside Chicago’s new River Point tower.

Sustainability requires us to (co)work together

One of the central tenets of green building is the conservation of finite resources. One resource that’s often overlooked but certainly worth conserving is physical space. Efforts to reduce the amount of space we use coincides with a growing trend in commercial real estate: coworking facilities.

Office N Illinois
When Skender designed their own new offices, they included tech-infused collaboration spaces, multipurpose rooms that connect to adjacent spaces via overhead doors and other unique spaces that create a cooperative environment.

Borrow from the best: workplace ideas from tech HQs

Technology companies are widely thought of as cool places to work, not just because of what they do, but because of the spaces where they work. Employees in other industries have long envied those spaces—and now, management is on board. In Chicago alone, heritage companies such as Kraft Heinz, Conagra Brands and Morton Salt are creating new headquarters that look more like startup space, rather than the offices of a well-established major corporation.

Office N Illinois
Kaufman Hall expands Chicago-area presence with new Loop office

Kaufman Hall expands Chicago-area presence with new Loop office

Kaufman Hall, a provider of financial and capital advisory services to the healthcare sector, is expanding its Chicago-area presence with a new office in downtown Chicago. The company leased 14,118 square feet at 10 S. Wacker Drive in the CME Center. Kaufman Hall’s corporate headquarters will remain in Skokie, Illinois, where it has been located since 2005.

Office N Illinois
The Spaces Fulton Market facility at 159 N. Sangamon Street in Chicago.

ARCO/Murray completes two coworking spaces in Chicago

ARCO/Murray recently completed two coworking office, event and work environments for Spaces, an Amsterdam-based company, in Chicago’s Fulton Market and Lincoln Park neighborhoods. The 32,000-square-foot Fulton Market facility is located at 159 N. Sangamon Street and the 24,000-square-foot Lincoln Park facility is located at 1500 N. Halsted Street.

Office N Illinois
The success of Sterling Bay’s ambitious Lincoln Yards development may depend on extensive transit infrastructure changes.

The central business district, decentralized

It wasn’t that long ago that Chicago’s central business district was confined to the Loop. Over the years, office space has crept outward, spilling over the banks of the river to the north and to the west. So just what is it that entices corporations to move out to the fringes of the CBD?