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Chicago Trading Grows Footprint to 114k SF
CBRE represented Chicago Trading Company (CTC) in its 114,186-square-foot renewal and expansion at 425 Financial Place in Chicago, formerly known as 440 S. LaSalle St. The 26,768-square-foot expansion makes CTC’s renewal the third biggest Chicago office lease of the second quarter, and the seventh biggest deal year to date, CBRE said.
“After an extensive evaluation of the market, CTC determined that 425 Financial Place offers the best opportunity to expand its operations,” said CBRE’s Mark Keebler, who represented CTC with colleague Brad Serot. “With CTC in place as the marquee tenant and the improvements that ownership plans for the building, this move will undoubtedly help reposition the asset as one of Chicago’s top properties.”
JLL’s Mike Curran represented the landlord, CIM Group, which acquired the former 440 S. LaSalle from Tier REIT in 2016 for a reported $191 million. The new ownership has committed to significant investment in the property.
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