The Telos Group, LLC (Telos) and Newmark announced a new lease to Nixon Peabody LLP at 70 W Madison in Chicago. Telos represented the landlord, HEARN, and Newmark represented Nixon Peabody in the transaction. The 72,000-square-foot, three-floor transaction marks one of the largest office leases to be signed in the Chicagoland area during the COVID-19 pandemic.
The building’s new, 13,000-square-foot fitness center, the Lift, was unveiled on March 1, 2021. The completion of this amenity continues the building ownership’s already completed repositioning efforts, including the mass window replacement with new, clear glass, the new tenant lounge (the Loft) and the redeveloped lobby.
An existing tenant at 70 W. Madison, Nixon Peabody, leased three contiguous floors near the top of the building. The currently raw space will be built out with high-quality finishes and modern amenities for firm personnel and visitors.
Jamey Dix, Caroline Colnon, and Steve Golz represented ownership in the transaction. Bob Chodos, Steve Levitas, and Bill Anderson from Newmark represented Nixon Peabody.
