"They are getting the floors to do construction in February, but they're not moving in till summer," Stein tells GlobeSt.com. "The building is one of the most technologically advanced in the city. There is major infrastructure and they're going to be tying into those systems."
The building offers six back-up generators and the space includes a raised floor. DRW will lease the space from Bank of America, which occupies the rest of the building, having recently taken it over from LaSalle Bank. Stein says it is not clear if and when further space within the building will be leased to other outside tenants.
"DRW's company is growing tremendously," Stein says. "They liked the floor layout, location and infrastructure there. It's very conducive for a trading firm, and has a lot of existing elements to take advantage of."
Stein declined to comment on the lease rate for the space, but said it was competitive with average asking lease rates in the building's West Loop submarket. Asking lease rates there in Q3 ran around $38 per square foot, gross, according to Cushman & Wakefield market research.
Steinco is also marketing the 52,000 square feet that DRW currently occupies at 10 S. Riverside Plaza. The company plans to sublet the space through the lease's expiration in 2014.
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