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“This lease renewal and expansion illustrates Chicago's position and competitive strength as a top tech market, which has helped drive the growth of companies like Walker Sands,” says JLL's Andy Strand.
The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.
Salesforce Tower Chicago is one of six Tower investments the company has announced in key markets including its headquarters in San Francisco, New York, London, Indianapolis, and Atlanta.
“Two-tenant buildings with smaller spaces around 15,000 to 24,000 square feet are desirable sizes, and it can be challenging to find similar facilities,” says Kelly Joyce of Colliers.