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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.


Inside The Story

North WellsJLL’s RubensteinCBRE’s Persa

About Paul Bubny

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 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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