Office N Illinois
American Library Association sells Chicago HQ

American Library Association sells Chicago HQ

The American Library Association (ALA) has sold its headquarters buildings at 40-50 E. Huron Street in a deal brokered by Cushman and Wakefield. The professional association will move its office functions from Chicago’s River North neighborhood to Michigan Plaza at 225 N. Michigan Avenue in Spring 2020.

Office N Illinois
Pictured from left to right: Melissa Rubenstein of JLL, Howard Conant of Urban Innovations & North Wells Capital, Jo Anne Gottfried of Urban Innovations, Elyse Townley of NORR, Jean Yoon of Ginsberg Jacobs, Tony Lindsay of North Wells Capital, Jim Fox of North Wells Capital, David Lapins of Ginsberg Jacobs and Mark Spears of CIBC.

North Wells Capital breaks ground on 306 W Erie in Chicago's River North

North Wells Capital, the investment affiliate of Chicago-based Urban Innovations, recently broke ground on 306 W. Erie in the River North neighborhood of Chicago. ARCO/Murray is acting as general contractor on the development with NORR serving as architect. JLL is the leasing agent for the building and Urban Innovations will continue providing property management services.

Office N Illinois
Conceptual rendering courtesy of Gensler.

PepsiCo confirms relocation to Chicago's Old Post Office

PepsiCo confirmed earlier reports that it will move its Chicago office to the Old Post Office building. Located at 433 W. Van Buren Street, the redeveloped property will serve as the headquarters for its sports drink, juice and Quaker Foods portfolios—including the Gatorade, Tropicana and Quaker Oats brands—as well as PepsiCo Beverages’ North America Central Division.

Office N Illinois
Darktrace triples Chicago footprint with 10,290-SF lease

Darktrace triples Chicago footprint with 10,290-SF lease

CBRE recently represented Darktrace, a leading cyber AI defense firm, in a 10,293-square-foot lease at 333 N. Michigan Avenue in Chicago. The move marks a significant expansion for the company, which opened its Chicago office in 2018 with just 2,858 square feet the building. Darktrace will now occupy a full floor at the property beginning in the second quarter of next year.

Office N Illinois
Qualtrics announces new Chicago office at 191 N. Wacker Drive

Qualtrics announces new Chicago office at 191 N. Wacker Drive

Qualtrics, a leader in customer experience and creator of the experience management category, will open its 25th global office in Chicago. The company, headquartered in Provo, Utah and Seattle, will occupy 25,000 square feet at 191 N. Wacker Drive when the lease commences in 2020. The company plans to hire more than 200 employees in the area—mostly in client success, sales, support and delivery and implementation.