U.S. Xpress Will Anchor River North Office Redevelopment
North Wells Capital and Urban Innovations have signed U.S. Xpress Enterprises to a long-term lease for approximately 40,000 square feet encompassing three floors at 306 West Erie. The company will become the anchor tenant at the River North property, which has now reached full occupancy.
“306 W Erie was built for a better tomorrow, and we believe that reaching this leasing milestone with U.S Xpress is a harbinger of the rejuvenation of Chicago’s office market,” said Tony Lindsay, principal at North Wells Capital.
306 West Erie is part of Verso, a three-building collection that North Wells purchased in 2017. The firm has completed a renovation and expansion of the property, and has similar plans for nearby 311 W. Huron and 320 W. Huron.
The JLL team of Melissa Rubenstein, Annie Nicolau and Anna Panici represented North Wells Capital in the lease. CBRE’s Dan Persa worked on behalf of the tenant.