71 S. Wacker is a 1.5-million-square-foot 48-story office tower in Downtown Chicago. 71 S. Wacker is a1.5-million-square-foot 48-story office tower in DowntownChicago.

|

CHICAGO— iManage, a global provider of work management productsolutions, has signed an 85,000-square-foot lease at the 71 SouthWacker office tower here.

|

The lease deal at the 48-story Downtown Chicago office buildingwas reported by building owner Irvine Company. iManage is movingfrom offices at 540 West Madison St. and will occupy its space at71 South Wacker in early 2021.

|

Frank Franzese, Steven Bauer and Aaron Schuster of Cushman &Wakefield represented iManage, while Brad Despot, Mark Georgas andAnnie Nicolau of JLL represented Irvine Co. in the transaction.

|

"iManage is experiencing rapid growth and expansion, and we'reexcited about our new location at 71 South Wacker," said iManageCEO Neil Araujo. "Many professional corporations rely on us todeliver great client work, and our new work space will fosterenhanced collaboration with partners and clients and among ourteams internally. The property has virtually everything we need toprovide outstanding services and recruit and retain toptalent."

|

iManage, which was founded in 1995 and merged with Interwoven in2003 announced a management buyout of the company from HP in July2015. Last September, the firm announced it had consolidated its UKoffices into a newly designed, larger single location at 1 PhippSt. in London that will now function as the company's EMEA (Europe,the Middle East and Africa) headquarters.

|

Irvine Company's Chicago portfolio includes 4.2 million squarefeet in three Class A+ office high-rise properties. Irvine Companyentered the Chicago market in 2010, when it acquired the1.5-million-square-foot 71 South Wacker. The tower's tenantsinclude firms engaged in hospitality, legal, financial services andtechnology, including IBM and the law firm of Mayer Brown LLP.

|

In 2014, Irvine Co. acquired the 60-story 300 North LaSalleoverlooking the Chicago River. The firm also owns One North Wacker,UBS Tower, located in The Loop.

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

  • 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
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.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.