(To read more on the net lease market, click here.)
CHICAGO-Marketing Werks Inc., a locally based, experiential, mobile and event marketing agency, has expanded its offices at 111 E. Wacker Dr. with a long-term lease renewal and expansion of with an additional 6,000 sf. The company will now occupy 22,323 sf on the top floor of the building through 2017. The 111 E. Wacker property is a 32-story, one-million-sf office building.
The new space will make room for more than 25 employees, increasing staff to approximately 100 in office staff members and 500 in field representatives. This marks the third expansion the company has undergone in the last four years, nearly doubling its space since moving into the building in 2001.
Kyle Kamin, first vice president of CB Richard Ellis represented Marketing Werks in the transaction. Genny Emerson of Lincoln Property represented building ownership. Kamin tells GlobeSt.com that this was the last deal executed with the previous owner of the building, Lincoln Property/Carlyle Group, before Parkway Properties takes over.
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