Chicago

The firm will be relocating from its current space at 71 S. Wacker Drive in early 2020 to 30,405 square feet of space, which will encompass the entire 84th floor of the 110-story tower.

The company signed its original lease for 18,368 square feet at the property in December and due to successful acquisitions and growth globally, the company increased its footprint in Chicago to continue its rapid growth.

Mill Valley, CA-based Glassdoor says it intends to maintain its offices at 1330 West Fulton once it takes over its new space at the 300,000-square-foot, 14-story 1375 West Fulton in the summer of 2020.

Financed under the Fannie Mae MBS as Tax-Exempt Bond (M.TEB) program, the borrower received tax-exempt financing from the Illinois Housing Development Authority (IHDA) in the form of long-term bonds.

Colliers states in its report that Class A vacancy in the suburbs also remained flat at 22.0%. However, when considering high quality, trophy assets in the suburban office market, vacancy was considerably lower at 16.5%, dropping 150 basis points from the same time period two years earlier.

Accenture signed a new lease of 152,454 square feet, increasing its presence at the 1.4-million-square-foot tower to a total of 226,486 square feet.

Specifically, the retail sector experienced the greatest cap rate compression by four basis points to 6.23%. Moreover, this was the first quarter of downward cap rate movement for the retail sector following five consecutive quarters of upward movement.

The firm will occupy 55,988 square feet at 224 South Michigan Ave. SOM has been a tenant in the building for nearly 28 years and will continue to occupy floors 5, 9 and 10 of the 17-story, 378,600-square-foot mixed-use office tower.