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DRW Relocates to 125,000 SF at 540 W. Madison

CHICAGO-The proprietary trading firm will move to floors 25 through 27 in the building in a 15-year lease.

By Cari Brokamp | Updated on December 02, 2008

CHICAGO-DRW Holdings LLC will move next year to 125,000 square feet at the former ABN Ambro Plaza, at 540 W. Madison. The proprietary trading firm will take offices on floors 25 through 27 in a 15-year lease that commences in February. David O. Stein and Chris West with Chicago-based Steinco Inc. represented DRW in the lease, while building owner Bank of America was represented by Steve Smith with Jones Lang LaSalle.

“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.

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