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Chicago & Midwest  + Downtown  + Office  |  September 28, 2021
Paul Bubny
By: Paul Bubny

Snap, MoLo Solutions Near Office Leases in Fulton Market

In one of two leases that are close to being finalized at Shapack Partners’ 167 N. Green St., Santa Monica, CA-based Snap is in advanced talks to lease about 25,000 square feet at the 17-story building, Crain’s Chicago Business reported.  

Best known for its disappearing photo and message app Snapchat, Snap would relocate its local office to the Fulton Market District from a boutique office building the company leases today at 648 N. Clark St. in River North. 

In the other deal, third-party logistics provider MoLo Solutions is nearing a lease of more than 93,000 square feet at 167 N. Green, where it would relocate from the roughly 33,000 square feet it leases today nearby at 120 N. Racine Ave., reported Crain’s. 

The negotiations are poised to add to the recent leasing streak in Fulton Market, despite an ongoing COVID-19 pandemic that has kept deal activity relatively sluggish elsewhere downtown. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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