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The renovated and expanded building will feature floor plates of 15,295 rentable square feet and will total 93,535 rentable square feet in total when completed.
The Rebuild Illinois capital program invested $122 million to fully complete the Springfield Rail Improvement Project, including nearly $30 million to begin this phase of the project.
At Douglas Hall, the project will include building envelope stabilization, and structural, infrastructure and technology capital improvements that will support the new nursing simulation laboratory within Douglas Hall.
The Chicago office is the latest in a series of expansion announcements in major cities for Qualtrics, which recently announced Qualtrics Tower in Downtown Seattle and a large expansion in Dublin, Ireland.
Freddie Mac provided $50.775-million in financing for the buyers—Cantor Fitzgerald and operating partner BH Equities, according to NKF's Multifamily Capital Markets group.
Chicago's tech ecosystem is the city's fastest-growing industry sector with more than 4,000 digital companies—a more than 270% growth rate in just 10 years.
The LINK Evanston features contemporary, open-concept apartments that include studio, one-, two- and three-bedroom floor plans ranging in size from 400 square feet to 1,100 square feet.
The international manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes has agreed to a long-term lease for 80,849 square feet at Building II at the complex located in the O'Hare industrial submarket.
The mayor has proposed a Class 6 (b) tax incentive to support the $3.9-million rehabilitation of an 84,174-square-foot industrial building in the Stockyard Industrial Corridor by Griffith Foods Inc.
The 10-year deal at the 17-story, 332,000-square-foot building in Chicago's West Loop was announced by Colliers International. Onni Group acquired the Union Tower building earlier this year for approximately $80 million, according to multiple published reports.