The firm plans to occupy 225 West Wacker in the second quarter of 2017, leasing 83,033 square feet comprising the building’s top four floors. Dan Maslauski, Michael Sessa and Scott Shelbourne represented Cushman & Wakefield in lease negotiations, while Hines’ Brian Atkinson and Mark Anderson represented building ownership, Mirae Asset Global Investments.
“This is a great day for our Chicago office and, ultimately, for our clients. As leaders in our industry, our new space will reflect our best thinking on workplace productivity, collaboration, and technology,” said Shawn P. Mobley, Cushman & Wakefield President, East Region. “We’re in the people & ideas business. Bringing our people together in this incredible space attracts great talent and leads to more innovative solutions for our clients.”
The lease agreement is announced a little more than a year after the September 2015 merger of Cushman & Wakefield and DTZ, which resulted in the newly combined firm significantly growing its Chicago-based brokerage and advisory businesses. Global corporate headquarters operations are also located in Chicago.
Constructed in 1989, 225 West Wacker Drive is located at the southeast corner of Wacker Drive and Franklin Street. The site consists of a full city block bordered by Post Place, Lake Street, Franklin Street and Wacker Drive. The 31-story building contains 650,812 rentable square feet of office and retail space.
“On behalf of our client, Mirae Asset Global Investments, we are excited to welcome Cushman & Wakefield to 225 West Wacker, proof that a high-quality asset attracts high-quality tenants,” said Brian Atkinson, Managing Director. “We are confident that the mix of amenities and the great location will be the perfect place for Cushman & Wakefield to come together under one roof.”
“Moving to 225 West Wacker puts us in the perfect position enhance our brand with our clients, the industry and our hometown,” said Victoria Noonan, who recently joined Cushman & Wakefield as Chicago Managing Principal. “It’s also emblematic of characteristics that attracted me to the firm in the first place – the ability to act decisively and continue building a world-class team of professionals focused on our clients.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.