In a transaction that bucks recent leasing trends, trading firm IMC is extending its lease at EQ Office’s Willis Tower by 10 years while adding a third floor. The technology-driven market maker will now occupy 160,000 square feet at the iconic downtown Chicago office tower, an increase of 50,000 square feet.
EQ Office and the Telos Group leasing team at the 110-story tower cited IMC’s long-term commitment as an illustration of the success Willis Tower is seeing following a $500-million repositioning. “Not only is Willis Tower an icon, but it is also a highly-desirable office building in a premier location,” said Nikki Kern, Telos Group EVP. “The recent repositioning has set the tower apart in the market by creating a workplace with incredible amenities and quality office spaces.”
JLL’s Matt Carolan and Phil Geiger represented IMC, while Kern and Telos Group’s Jamey Dix and Caroline Colnon represented EQ Office.
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).