Search
 

New Trophy Towers Opening Up Options

CHICAGO—Dozens of tenants are moving into the West Loop’s new towers, and tenants across the CBD should have many more options when they move.

chi-300sriverside (2) 300 S. Riverside lost its anchor tenant last fall, and has offered some aggressive packages to bring in new tenants.

CHICAGO—2017 will bring a lot of changes to the CBD’s office market. Dozens of tenants will move into the West Loop’s new trophy office towers, and open up large amounts of space across the downtown. Therefore, although rental rates seem to be on the upswing, the big reshuffle also presents opportunities for other office users looking for new space.

That was the recent experience of brokers at Savills Studley. They just helped 1WorldSync complete a new lease at 300 S. Riverside Plaza. Beginning in April, the global content exchange network will occupy 22,247 square feet on the entire 14th floor of the class A building.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.