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CA Ventures Will Move HQ to Its River North Project

CA Ventures is nearly doubling the size of its downtown Chicago headquarters and joining WeWork at a boutique office building that CA and Midwest Property Group are developing in River North, Crain’s Chicago Business reported.

The development group’s 60,000-square-foot lease at 488 N. LaSalle Dr. will nearly double its current footprint at Pru One. CA will move to the new building in mid-2021.

Founded in 2004 as a small student housing business, CA now has more than 320 employees in Chicago, up from about 250 a year ago. The company plans to keep hiring as it aims to grow its portfolio to $30 billion in assets by 2024 from $13 billion today, the firm’s Katie Kazas told Crain’s.

JLL’s Chris Cassata and Craig Coupe are representing the owners of 448 N. LaSalle in leasing the building.

Rendering courtesy of Lamar Johnson Collaborative.

Connect Industrial Midwest is coming to Rosemont, IL on March 4. For more information, or to register, click here.

Read more at Crain’s Chicago

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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 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).

  • ◦Development
  • ◦Lease