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Wellington Management Upsizes Offices in Move to Fulton Market

Sterling Bay said Thursday that Wellington Management signed a long-term lease for 24,000 square feet of office space at 345 N Morgan, a 200,000-square-foot boutique office and retail development in the Fulton Market District.  The tenant is quadrupling its current office footprint. 

“Fulton Market’s dynamic business environment continues to attract companies looking for more space, superior amenities, and a modern work environment for their talented teams,” said Andy Gloor, CEO of Sterling Bay. “Sterling Bay will keep working hard to attract multinational corporations and local businesses looking for high-quality workspaces that help facilitate productive collaboration in Chicago’s most vibrant submarket.”  

Sterling Bay broke ground on 345 N Morgan in August 2021 and construction is expected to be completed next month. EVP of leasing Russ Cora and VP of leasing Austin Lusson negotiated the transaction for Sterling Bay. JLL’s Brendan Callahan, Gabrielle Harvey, Eddie Viliunas and Matt Carolan represented Wellington Management. 

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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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