CBRE recently represented Toronto-based League Inc. in a 12,089-square-foot lease at 515 N. State St. in Chicago. League, a leading digital benefits platform turning benefits into a competitive advantage for employers, is expanding from its current co-working space of 2,700 square feet to the offices at 515. N. State, which will function as the firm’s U.S. headquarters.
“As League continues to grow in the U.S. market, we must invest in our people and office space to meet the market’s demands, particularly from tech and professional services companies, who know that people are their competitive advantage,” said Ana Perez, GM of League’s Chicago office. “It’s no secret that Chicago has access to some of the best talent in the country, given the proximity to top universities. We are thrilled to begin the next phase of our growth in the U.S. from our new state-of-the-art headquarters.”
Brad Serot and Tony Coglianese of CBRE represented League in the transaction. The two have worked with League since June of 2017, when the firm established its first co-working location with two employees. Since then, the CBRE team has negotiated four separate short-term co-working leases to accommodate for the firm’s rapid growth. League currently employs 34 people in Chicago but the firm’s new space can accommodate more than 100 employees.
“League needed to take a fast-growing, agile real estate approach to its expansion in Chicago,” said Serot. “The firm has been very active in co-working space thus far due to the flexibility it provides, but once League established their projected headcount for their U.S. headquarters, we determined that it would make more financial sense for the firm to move to a traditional office space that could accommodate its growth today and in the future. This location will function as an excellent U.S. headquarters for League in Chicago, and, it will ultimately save the firm on real estate costs.”