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1 South Wacker Drive is an office property in Chicago's Loop owned by 601W Companies

3PL Firm Upsizes Headquarters Space in Move to the Loop

3PL firm TransLoop has leased office space at 601W Companies’ 1 S. Wacker Dr. and will relocate its headquarters from a smaller space in River North, the company said Wednesday. The larger space, reportedly around 17,000 square feet, will accommodate the 100 new hires TransLoop plans to make over the next year, tripling its local headcount to 150 employees. 

“We’re at a pivotal stage as a company,” said TransLoop founder and CEO Nick Reasoner. “The decision to move to this new location was for our team members. They deserve a space with the tools and resources to not only succeed but grow their teams and accounts.” 

TransLoop is subleasing the space from cryptocurrency exchange Gemini, according to Crain’s Chicago Business. CBRE’s Brian McDonnell and Bill Sheehy brokered the transaction. The company plans to move into its new space in November. 


Inside The Story

CBRE's McDonnell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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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