CHICAGO—JRG Capital Partners, LLC is ready to develop an office complex that will give tenants looking for offices just outside Fulton Market District the option to have large floor plates. The company has also appointed Newmark Grubb Knight Frank as its exclusive leasing agent for the new campus development at 1260 W. Madison St. NGKF will market and pre-lease the campus.
“We see this as a tremendous blank canvas,” NGKF's senior managing director Matt Ward tells GlobeSt.com. An existing structure on the site will be torn down, most likely in early 2018, and rather than replacing it with just a standard office building, the developer will create a customized design based on the needs and desires of whichever large corporate tenants take the space.
JRG plans to complete the project by November 2018. The 75,000-square-foot land parcel encompasses a full square block in the heart of Chicago's West Loop, just blocks away from the new headquarters of both McDonald's and Google. The developers envision a two-building campus with large floor plates and high ceilings that will maximize the amount of natural light that flows into customized office spaces. Tenants will also have access to roof top terraces as well as bicycle storage rooms.
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