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AI Security Firm Expands in Loop Relocation
CBRE recently represented Drift Net Securities in a 23,361-square-foot lease at 70 W. Madison St. in the Loop. The AI security firm is expanding by approximately 10,000 square feet with its relocation from 71 S. Wacker Dr. This new space will allow Drift Net to add as many as 100 new employees.
Vice chairman Brad Serot and VP Tony Coglianese of CBRE represented Drift Net in the lease. The Telos Group’s Jamey Dix represented landlord Hearn.
“While office space will continue to evolve over the next several years, companies that can focus on near term space needs today can capitalize on a depressed office market by way of exceptional lease concession packages, and use fresh, new office space as a way to differentiate from their competitors focused on work from home,” said Serot. “We should see more opportunistic companies do the same as the year progresses.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
