203 N. LaSalle St., Chicago, IL
CHICAGO, IL—InnerWorkings, a global marketing execution firm, has leased 41,443 square feet of space at 203 N. LaSalle St., Chicago, IL, for its headquarters, in a transaction brokered by Transwestern senior vice president Jeff Dowdell, executive vice president Eric Myers, and vice president William Briggs, who represented the landlord, which was identified as Sumitomo, a publicly traded international holding company, by Real Capital Analytics, a proprietary research database that tracks commercial real estate transactions.
“203 N. LaSalle St. offers a better location for InnerWorkings' headquarters and gives our team members immediate access to all CTA lines and nearby walkable amenities,” says Renae Chorzempa, chief human resources officer for InnerWorkings. The company is relocating from 600 W. Chicago Ave.
The Transwestern leasing team has secured more than 75,000 square feet of new leases in the last six months. This latest transaction brings the building to 71-percent leased, up from 59 percent when TCS was awarded the leasing and property management assignment. There is currently a 170,000-square-foot, large block of office space available for lease.
“203 N. LaSalle St. is in position to capture the interest of growing tenants, like InnerWorkings, seeking large floorplates, new amenities, and access to the city's workforce,” says Dowdell.
203 N. LaSalle St. is a 625,000-square-foot, class A office tower at LaSalle and Lake streets in Chicago's Central Business District. The LEED Platinum building has completed a $15 million capital improvement project modernizing the building and installing first-class amenities, including an updated lobby and retail concourse, new conference center and tenant lounge, and a new state-of-the-art fitness facility.
InnerWorkings serves brands across a range of industries, including retail, financial services, hospitality, consumer packaged goods, nonprofit, healthcare, food and beverage, broadcasting and cable, automotive, and transportation. Brandon Glick, Chris Bargowski, and Sam Picchiotti of Mohr Partners provided tenant representation services.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
