Harrison Street Poised to Anchor New Fulton Market Tower
Harrison Street Real Estate Capital is more than tripling the size of its downtown office and moving it to the Fulton Market District, reportedCrain’s Chicago Business. The private-equity firm is finalizing a deal to lease about 150,000 square feet of offices and a 22,000-square-foot outdoor terrace in the 11-story office building proposed at 919 W. Fulton St., Fulton Street Cos. CEO Alex Najem told Crain’s.
Assuming the five-floor anchor lease is completed, Harrison Street will relocate its Chicago headquarters from 444 W. Lake St., where it occupies about 50,000 square feet. The lease would stand out as a rare big office expansion as many companies downsize their footprints.
The lease would also clear a path for Fulton Street Cos. and co-developer JDL Development to obtain construction financing for the $320-million project. Additionally, it reflects Harrison Street’s growth: founded in 2005, it now has nearly $50 billion in assets under management.
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).
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