CHICAGO—Riverside Investment and Development has executed a lease with Navigant Consulting, Inc. for four floors in the midrise elevator bank of the 150 North Riverside Plaza office tower currently under construction in the West Loop. Attracting the global headquarters of yet another Chicago-based firm is just the latest sign that the millions of square feet of new office space rising in the West Loop could be filled by the time it all opens up in 2017, when the downtown will have gone about seven years without significant new top-of-the-line product.

"The Navigant transaction brings the property over 75% preleased, and further demonstrates the degree to which 150 N. Riverside's attributes align with firms who are in recruitment-intensive industries," says Drew Nieman, executive vice president of CBRE. "Very early on in the discussions with the Navigant team, we were afforded the opportunity to review with them – at a very detailed level – the areas in which the building offers market-leading infrastructure. We sought to address each of Navigant's priorities and ensure their headquarters office is customized to their business needs."

"As our firm grows, it is important that our office space inspires collaboration and connection among our workforce," says Julie Howard, chairman and chief executive officer of Navigant, currently located at 30 S. Wacker Dr. "The space at 150 North Riverside Plaza is designed to support our growth plans through the next decade as we continue to build, manage and protect our clients' business value."