West Loop Landlords Willing on Concessions

CHICAGO—As reported yesterday in GlobeSt.com, Metropolitan Chicago Healthcare Council has decided to stay in 222 S. Riverside Plaza, its home for several decades. The group just renewed its long-term lease of nearly 30,000-square-feet on the 19th floor in the West Loop office tower, and Tiffany Winne, senior managing director of Savills Studley, which helped MCHC negotiate the new lease, tells GlobeSt.com that “we surveyed the entire market as part of the process,” but that survey just “reinforced for them the advantages of staying in 222 S. Riverside.”

Unlike many downtown office buildings, for example, the 35-story, 1.2-million-square-foot tower, which sits along the river, is separated from its neighbors, allowing light to flow in on all sides. Tenants have “uncompromised views, even on the lower floors” and with Union Station next door “you’re stacked up on top of a major train station.” Furthermore, the huge floor plates, which average about 35,000-square-feet, ensured that MCHC, a membership and service organization dedicated to improving the delivery of health care services in the Chicago area, got to stay on one floor.