HERE Technologies, Edelman Put 120K SF Up for Sublease
As Boeing relocates its headquarters and looks to shrink its footprint in the West Loop office building it owns, the property’s second-largest tenant and a prominent new one next door are trying to unload space as well, reportedCrain’s Chicago Business.
Adding to a recent uptick in downtown sublease space, Here Technologies last month began marketing 95,000 square feet in the Boeing Building at 425 W. Randolph St. to new users. That’s in addition to 44,000 square feet it has tried to sublease since before the pandemic.
Next door, public relations firm Edelman is offering 28,000 square feet—nearly a third of its space—at Sterling Bay’s 111 N. Canal St. for sublease just six months after moving into the building. The 111 N. Canal space represents a sharp downsize from the 170,000 square feet Edelman previously leased at the Aon Center in the East Loop, Crain’s reported.
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).