Loop Landlords Attracting More Tech Cos.

CHICAGO—Tech companies throughout the city have been expanding in recent years, but often landlords in traditional tech hubs such as West Loop and River North don’t have enough space to accommodate their needs, opening up opportunities for owners in the Central Loop. Synthesis Technology, for example, just decided to move from the West Loop into the heart of downtown after it found a landlord willing to have a large spec office ready for occupancy at extremely short notice.

“They have been west of the river for over ten years,” Craig Nadborne, senior managing director, Bradford Allen Realty Services, tells GlobeSt.com, and employees appreciate the timbered ceilings and open feel of their current office at 820 W. Jackson Blvd. But the need for more than its 7,200 square feet has brought the company to the Bank of America building at 135 S. LaSalle St., where Nadborne recently helped it complete a long-term lease for 11,133 square feet of space on the 20th floor. Melissa Rubenstein and John Beason of JLL represented the building’s ownership.