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Chicago & Midwest  + Downtown  + Office  |  February 28, 2019
Paul Bubny
By: Paul Bubny

Dentsu Subsidiary Expands to 126K SF at 515 N. State

Dentsu Aegis Network, a subsidiary of Dentsu, has leased an additional 68,000 square feet at Beacon Capital Partners’ and Ivanhoé Cambridge’s 515 N. State St. The company now occupies a total of 126,000 square feet on six floors of the 29-story office tower in River North.

“The property owners have done a remarkable job transforming the Class A office building, and have demonstrated a great commitment to us as tenants,” said Chris Bendowski, Dentsu Aegis’ vice president of real estate.

Beacon and Ivanhoé recently completed extensive capital improvements, including a modernized lobby featuring a, large-scale media art installation that captures the energy and diversity of the surrounding neighborhood.

The Telos Group’s Jack O’Brien and Jamey Dix represented the building owners in the lease negotiation. Cushman & Wakefield’s Steve Schneider, Adam Ardise and Justin Baratz represented the tenant. JLL serves as the on-site property manager.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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