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CHICAGO-Market data technology provider Hyperfeed Technologies Inc. has restructured and extended the lease on its corporate headquarters at 300 S. Wacker Dr. in a consolidation move. Cushman & Wakefield director Richard L. Plonsker negotiated on behalf of Hyperfeed, while ownership Lincoln Property Co. was represented in-house by Genny Emerson. The deal, valued in excess of $2 million, scales back Hyperfeed’s headquarters from 24,000 sf to approximately 15,000 sf.

“The transaction allowed the client to dispose of excess space it had no need for, while structuring a long-term lease that will help Hyperfeed to control costs going into the future,” Plonsker said.

Hyperfeed specializes in turnkey systems for databasing, integration and transmission of real-time data sources from exchanges, content providers and proprietary in-house sources. It provides direct access to all North American exchanges and offers data-cleansing and management tools for remote or on-site use.

Built in 1970 and renovated in 1990, 300 S. Wacker Dr. is a 35-story West Loop office tower. Floorplates at the 512,000-sf property are 14,790 sf.

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