Deals that Defined Chicago’s 2015 Commercial Real Estate Market

If you like this presentation – show it...

Slide 0

The Deals That Defined 2015 This year’s most impactful deals were outside of Chicago’s traditional loop submarket. Find out what deals really mattered in 2015.

Slide 1

HYATT 150 N. Riverside Hyatt’s anchor-tenant lease proved the strength of 150 N. Riverside. As a tenant known for demanding exceptional design standards, this lease validated the new building, and also set in motion a range of new opportunities for Hyatt’s current space to be vacated at 71 S. Wacker. 292,000 SF HYATT

Slide 2

CONAGRA Merchandise Mart This massive deal in the Merchandise Mart proved that Chicago remains a global business hub and a magnet for the world’s largest companies. River North is now established, not only as Chicago’s hottest submarket, but a magnet for global talent. 168,000 SF CONAGRA

Slide 3

KRAFT HEINZ Aon Center This large lease confirmed the downtown migration trend and the renewed vitality of the East Loop. The quick lease of Kraft’s Northfield campus also proved that the suburbs have plenty of activity, and there is strong tenant demand for well-located suburban buildings. 170,000 SF KRAFT HEINZ

Slide 4

MOTOROLA SOLUTIONS 500 W. Monroe Another iconic HQ move which signaled a return to downtown Chicago for the local powerhouse, and highlighted the critical importance of location in attracting high-tech talent. MOTOROLA SOLUTIONS 150,000 SF

Slide 5

GRUB HUB 111 W. Washington Rapid growth for this Chicago-born start-up led to an impressive 59,000 SF expansion. The Burnham Center lease highlighted the trend of young companies finding value in vintage buildings. 130,000 SF GRUB HUB

Slide 6

C.H. ROBINSON 1511 W. Webster This recent lease gave concrete evidence that the “CBD” continues to expand beyond the traditional loop. Markets that used to be considered fringe locations, like Goose Island and the A. Finkl site are now viable options for large occupiers. C.H. ROBINSON LINCOLN PARK 207,000 SF

Slide 7

CONAGRA Please visit www.jll.com/chicago for more market trends and insights. Christian Beaudoin Director, Research (312) 228-2020 christian.beaudoin@am.jll.com GRUB HUB KRAFT HEINZ HYATT MOTOROLA SOLUTIONS C.H. ROBINSON LINCOLN PARK

Slide 8