CHICAGO-Eagle Market Makers will move into 7,600-square-feet at 601 S. LaSalle. The futures commission merchant leased the space after previously being headquartered at the Chicago Board of Trade for the past 24 years. This most recent lease brings the seven-story building, which was built in 1912, up to 82% leased. Asking lease rates in the building are around $23 per square foot, gross.

“Eagle’s business in Chicago doesn’t necessarily need to be in the Chicago Board of Trade anymore,” says Kevin O’Reilly, VP with Howard Ecker + Co., who along with Lou Vidaillet, also VP, represented Eagle in the deal. “Loft buildings like this are attractive because the rental rate is cheaper. The location is also improved and the uniqueness of the building met a lot of the requirements for our client in terms of power.”

The company had previously hoped to buy a building in the South Loop submarket, but this rental opportunity met their needs well, O’Reilly says. “This presented too much of an opportunity to not take it,” O’Reilly tells “It offers a lot of light and is a very open space, which is important for a trading firm. They’re dealing with nanoseconds for their trading, so the location is important.”

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