Ivanhoé Cambridge and Callahan Capital Properties (CCP) announced seven lease transactions totaling approximately 150,000 square feet at 10 & 120 South Riverside Plaza, a two-building, 1.4 million-square-foot office complex in the heart of downtown Chicago.
This activity, which includes 93,600 square feet of new leases and 55,200 square feet of expansions and relocations, brings the Class A complex to more than 95 percent leased.
Since acquiring the property, Ivanhoé Cambridge and CCP implemented a significant capital investment plan, strategically positioning 10 & 120 South Riverside Plaza to attract a broad range of companies from various industries including technology, trading, healthcare, legal and creative services.
Located on the west bank of the Chicago River in the West Loop, the complex sits directly between Union Station and the Ogilvie Transportation Center with views of the river and Downtown Chicago.
After the recently announced 36,520-square-foot commitment at 120 South Riverside Plaza by Ulta Beauty, the largest new lease at the complex is Aetna‘s 34,811-square-foot expansion at 10 South Riverside Plaza, for its subsidiary ‘bswift‘, a company that uses technology and information to simplify the administration of health care, reduce costs and empower consumers.
Other new deals signed at 10 South Riverside Plaza include Pure Insurance‘s 12,517-square-foot lease and a 5,832-square-foot commitment by the Strategic Leasing Law Group. At 120 South Riverside Plaza, Media Ocean signed a new 25,909-square-foot lease; Trade Station signed a new 13,659-square-foot lease; and American Dietetic Association (ADA) signed a 20,361-square-foot lease to relocate within the building.
Sara Spicklemire and Ellen Zalatoris of CBRE currently lead the leasing efforts at the complex. bswift was represented by Robert Sevim of Savills Studley in cooperation with Steve Ernst of Cushman & Wakefield. Following this expansion, bswift now occupies over 100,000 square feet at 10 South Riverside.
