Office N Illinois

NKF represents Opex Analytics in HQ relocation to downtown Chicago

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Newmark Knight Frank (NKF) recently represented Opex Analytics in a long-term, 18,000-square-foot lease at 350 N. Orleans Street in Chicago. Rapid growth and a desire to have all of its Chicago-based employees collaborating under one roof led Opex Analytics to sign the lease, following NKF’s strategic analysis of suitable, local options for the company’s new headquarters.

NKF managing director Matthew Frazee led the brokerage team representing Opex Analytics in the search for its new space. Relocating from 4,000 square feet at 500 Davis Street in Evanston, Illinois, the team ultimately secured the new space at 350 N. Orleans Street based on its location, modern amenities, flexible floor plans and easy access to public transportation.

“The escalating costs and tight office market in Evanston made expanding there difficult and expensive,” said Frazee. “The relocation to 350 N. Orleans ensured Opex Analytics the ability to have all of its employees under one roof, which was important for the firm’s culture. In addition, 350 N. Orleans offered a move-in ready spec suite with flexible lease terms and is a perfect fit for dynamic and growing companies like Opex Analytics, with its premiere location.”

Taking occupancy in June 2019, the firm’s new space will feature scenic views of the Chicago river, collaborative work space, ample space dedicated to white boarding and problem solving and a modern, airy and industrial open floor plan outfitted with standing desks and designer accents.

“Our rapid growth and the tight commercial market in Evanston made it difficult for us to consolidate our Chicago area Opexers under one roof in the Evanston area,” said Opex Analytics partner Kristen Daihes. “We are excited about the new space NKF helped us secure in a vibrant environment that fits with how we work through collaborative problem solving. Not only does the space support our future growth, accessibility in the Chicago area is an enabler for us to drive more engagement with our clients and partners.”

Founded in 2013, Opex Analytics partners with both Fortune 500 companies and fast-growing startups to research, identify and address the core drivers behind a spectrum of business problems. They work to provide insight-driven, strategic AI solutions that empower businesses to make decisions better and faster than ever before.