CHICAGO—Beacon Capital Partners, LLC acquired the high-rise tower at 300 S. Wacker Dr. for $112.5 million last August, and company officials now say they have now leased 88% of the building.
Three companies — Swoon Technology Resources, NextGen Global Resources and Ironshore Inc. — have all signed new leases that will double or almost triple their footprints.
Tech consulting firm Swoon will grow from 3,630 to 10,355-square-feet. The telecom industry recruiting and HR consulting firm NextGen will expand from 1,926 to 5,178-square-feet and insurance provider Ironshore will grow from 8,941-square-feet to 15,509-square-feet. In addition, legal services provider Discovery Services LLC has just signed a new lease for 3,566-square-feet in the building.
Beacon, a Boston-based real estate investment firm, has launched a multi-million-dollar building renovation program that will include a redesigned lobby, upgraded corridors and restrooms, a new state-of-the-art fitness center, conference facilities and several new “spec suites.” A team from JLL's Project & Development Services has been overseeing the project. The 35-story property was built in 1971 and significantly renovated in the 1990s.
Beacon Capital Partners and JLL's Melissa Rubenstein and John Beason completed the four transactions, which totaled more than 34,000-square-feet.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
