Chicago Stock Exchange Stays Put at 440 S. LaSalle
Chicago, IL (May 7, 2014)
Chicago Stock Exchange, Inc. signed a long term renewal of approximately 33,000 square feet at 440 S. LaSalle. Lisa Davidson, Executive Managing Director and Rick Schuham, Executive Vice President and Co-Branch Manager of global commercial real estate services firm, Studley, engineered the lease for the company. Mark Gunderson and Mark Baby of J.F. McKinney represented the landlord.
According to Davidson, Chicago Stock Exchange is making significant changes to their space to create a more collaborative environment. The building is also undergoing major renovations with new amenities. “After negotiating with several properties and thoroughly investigating the market, staying in the building made the most sense for Chicago Stock Exchange,” said Davidson. “It enabled the organization to limit disruption for its workforce and was the most cost-effective option.”
John Kerin, CEO of Chicago Stock Exchange is pleased with the negotiation and says, “We are looking forward to reducing our footprint and creating a more efficient and collaborative work environment. The renovations will bring additional sunlight into the space and the consolidation will allow us to have all of our employees on one floor.”
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.