Savills Studley represented Ryan Specialty Group (RSG) in the expansion of its global headquarters located at 180 North Stetson. The new lease now totals 24,866 square feet at the revitalized Two Prudential Plaza and accommodates the company’s additional growth.
Executive Vice President and Co-Head of the Savills Studley Chicago office Robert Sevim represented Ryan Specialty Group; Bill Truszkowski of the Telos Group represented the landlord.
“With the improvements both existing and being made to the building overall, Two Prudential Plaza has seen a lot of activity and interest from incoming tenants in the marketplace,” said Sevim. “We were able to secure contiguous space for RSG while still maintaining very favorable terms to produce an excellent solution for both the landlord and the tenant.”
Ryan Specialty Group, which was founded by Patrick Ryan in 2010, has experienced extensive growth and now operates three major subsidiaries as well as executive oversight and corporate support for eleven additional businesses out of its Chicago headquarters.
“Together with Savills Studley, we have been able to secure contiguous space on the 45th floor despite other tenant activity and interest,” said Patrick G. Ryan, Chairman and CEO of Ryan Specialty Group.
According to Sevim, Ryan Specialty Group will begin occupying its revamped space in January 2016.