CHICAGO—More than fifty years ago, the Prudential Building wasthe tallest in Chicago, but in the intervening years it wasovershadowed by more modern towers on N. Michigan Ave. and in theCentral Loop. But the opening of Millennium Parkhas once more made its East Loop neighborhood, long the most anemicoffice submarket in the CBD, a destination for growing companies,and the Prudential Building, now called One Prudential Plaza, hasbeen taking advantage of the opportunity.

The Telos Group LLC, for example, has justsigned Cision to a long-term lease for49,464-square-feet in the 41-story building. Cision, a provider ofpublic relations software and services, will leave a S. MichiganAve. space and occupy the entire seventh floor. Jesse VanDyke, executive vice president of JLL,represented Cision in the transaction. MattPistorio and Bill Truszkowski, bothsenior vice presidents of Telos, represented the building'sowners.

“They were looking for a large floor plate where they could getall of their employees on one floor,” Pistorio tells GlobeSt.com.Furthermore, Cision officials were attracted to “the whole newlifestyle of the East Loop.” Since the park opened, theneighborhood has become noted for its lively streets, restaurantsand bars, an atmosphere tailor-made for the millennial employeesthat Cision and other similar firms want to hire in the comingyears.

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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.