Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Arranges HQ Expansion Lease for Investment Firm
CBRE has arranged a new headquarters lease for Energize Capital, a Chicago-based investor in climate solutions.
The firm, which invests venture capital and growth equity capital to scale asset-light climate startups, is expanding and will occupy 11,070 square feet at 1 South Wacker Drive, more than doubling its footprint in Chicago’s Loop. CBRE’s Brad Serot and Bill Sheehy represented Energize Capital.
Energize Capital is relocating within the forty-story building, having outgrown the spec suite it has occupied since October of 2021. The firm will undergo a buildout within the new space. “We have increased our footprint by more than 6 times over the last three years and anticipate continued growth,” said John Tough, Managing Partner of Energize Capital.
According to a recent CBRE report, Class A office vacancy in the West Loop is at 13.7% as of Q3 2024, the lowest mark of any downtown submarket.
