Leading financial services company, Wolverine Trading LLC and its affiliates, have extended their lease agreement at 175 West Jackson Blvd, totaling 87,978 square feet.
Robert Sevim, Executive Managing Director of global commercial real estate services firm, Savills Studley, co-brokered the transaction with David Stein of Steinco Inc., both representing Wolverine. Sean Murphy of JMIC Corp. represented the landlord.
According to Sevim, Wolverine has been a long term tenant at 175 West Jackson Blvd and the firm’s operations continue to be successfully supported by the building’s desirable location and the space that the firm occupies, which features large floor plates and uniquely tall ceilings, specifically on the second floor. “After evaluating Wolverine’s position relative to occupancy cost, location and the amenities the building offers, it became very clear that planning for or executing a relocation strategy would not provide any benefit to Wolverine in terms of reducing cost, enhancing firm culture or being better situated geographically. The new lease agreement allows Wolverine both cost savings and the opportunity to modify their existing conditions should the need arise in the future...”Wolverine Trading Extends Commitment to 175 West Jackson Blvd
Related StoriesQ1 Office Market Report: Building Sales Impact Rent Trends
2014 Chicago SERI Report