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Tech Firm Renews, but Downsizes its CBD Lease

CHICAGO-In a streamlining move, Hyperfeed Technologies has inked a $2 million deal that keeps it at 300 S. Wacker Dr., a Lincoln Properties building in Downtown Chicago. But it will be occupying less space than it did previously.

By Dees Stribling | Updated on April 15, 2003

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.

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