Chicago & Midwest + Downtown + Office | March 23, 2021

Codal Shifts to Old Post Office in “First-Mover’s Market”

Digital development and consulting firm Codal leased 15,972 square feet in 601W Companies’ Old Post Office, more than doubling its current office footprint. With plans to upsize its headcount, the firm is relocating its headquarters from 11 E. Hubbard St. in River North.

CBRE vice chairman Brad Serot and VP Tony Coglianese represented Codal in the lease. Telos Group’s Dan Heckman and Matt Whipple represented ownership.

“Codal was able to seize an incredible opportunity to move from a Class C building to one of the most talked about redevelopments in North America by taking advantage of a first-mover’s market,” said Coglianese.

He added, “This relocation will allow the business to utilize its space as a way to engage top talent and differentiate the employee experience, while also having their brand recognized alongside some of the most prestigious companies in the world that have also made the Old Post Office their home.”

Connect

Inside The Story

Connect With CBRE's Serot

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 GlobeSt.com 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).