The deals that defined Chicago’s 2015 commercial real estate market
8
The Deals That Defined 2015 This year’s most impactful deals were outside of Chicago’s traditional loop submarket. Find out what deals really mattered in 2015.
-
Upload
jll -
Category
Real Estate
-
view
3.102 -
download
1
Transcript of The deals that defined Chicago’s 2015 commercial real estate market
The Deals That Defined 2015This year’s most impactful deals were outside of Chicago’s traditional loop submarket. Find out what deals really mattered in 2015.
Hyatt’s anchor-tenant lease proved the strength of 150 N. Riverside. As a tenant known for demanding exceptional design standards, this lease validated the new building, and also set in motion a range of new opportunities for Hyatt’s current space to be vacated at 71 S. Wacker.
HYATT150 N. Riverside
292,000 SF
HYATT
This massive deal in the Merchandise Mart proved that Chicago remains a global business hub and a magnet for the world’s largest companies. River North is now established, not only as Chicago’s hottest submarket, but a magnet for global talent.
CONAGRAMerchandise Mart
168,000 SF
CONAGRA
This large lease confirmed the downtown migration trend and the renewed vitality of the East Loop. The quick lease of Kraft’s Northfield campus also proved that the suburbs have plenty of activity, and there is strong tenant demand for well-located suburban buildings.
KRAFT HEINZAon Center
170,000 SF
KRAFT HEINZ
Another iconic HQ move which signaled a return to downtown Chicago for the local powerhouse, and highlighted the critical importance of location in attracting high-tech talent.
MOTOROLA SOLUTIONS500 W. Monroe
150,000 SF
MOTOROLA SOLUTIONS
Rapid growth for this Chicago-born start-up led to an impressive 59,000 SF expansion. The Burnham Center lease highlighted the trend of young companies finding value in vintage buildings.
GRUB HUB111 W. Washington
130,000 SF
GRUB HUB
This recent lease gave concrete evidence that the “CBD” continues to expand beyond the traditional loop. Markets that used to be considered fringe locations, like Goose Island and the A. Finkl site are now viable options for large occupiers.
C.H. ROBINSON1511 W. Webster
LINCOLN PARK
207,000 SF
C.H. ROBINSON
Christian Beaudoin Director, Research(312) 228-2020 [email protected]
Please visit www.jll.com/chicago for more market trends and insights.
HYATT
KRAFT HEINZ
LINCOLN PARK
C.H. ROBINSON
GRUB HUBCONAGRA
MOTOROLA SOLUTIONS
