"Eagle's business in Chicago doesn't necessarily need to be in the Chicago Board of Trade anymore," says Kevin O'Reilly, VP with Howard Ecker + Co., who along with Lou Vidaillet, also VP, represented Eagle in the deal. "Loft buildings like this are attractive because the rental rate is cheaper. The location is also improved and the uniqueness of the building met a lot of the requirements for our client in terms of power."
The company had previously hoped to buy a building in the South Loop submarket, but this rental opportunity met their needs well, O'Reilly says. "This presented too much of an opportunity to not take it," O'Reilly tells GlobeSt.com. "It offers a lot of light and is a very open space, which is important for a trading firm. They're dealing with nanoseconds for their trading, so the location is important."
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