Digital textbook startup RedShelf leased 20,000 square feet for its headquarters at 175 W. Jackson Blvd. in Chicago’s Central Loop. The sublease represents a relocation from a smaller space in River North.  

SVP Tony Coglianese with CBRE’s Chicago office represented RedShelf in the sublease, with substantial remaining term on the lease. Bill Sheehy, an EVP in CBRE’s Chicago office, represented sublandlord Wellright.  

Founded in Chicago in 2012, “RedShelf has entered a new phase of growth with differentiated novel technology and marquee university customers, so it’s critical that our headquarters provides a solid foundation to accelerate our mission,” said CEO Rob Holland. 

“RedShelf’s decision to recommit to in-person collaboration is not happening in a silo,” said Coglianese. “This move follows a trend we are seeing from our tech clients.” He cited a “flight to convenience for companies looking to take advantage of a distressed market, while focusing on ease of commute for employees as a critical part of their return-to-office strategy.” 

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