Feeding America, one of the largest charities in the United States, is relocating its headquarters to 161 North Clark in Chicago. The 61,324-square-foot lease represents an expansion of nearly a third for the nonprofit, which will move from 35 E. Wacker when the lease commences in the 4th quarter of 2020.
Cresa’s Mindy Saffer represented Feeding America in the transaction along with JLL’s Rob Schmidt. Newmark Knight Frank represented 161 North Clark in the transaction.
“Feeding America has experienced tremendous growth over the last few years and the group had to rethink the way they were using office space,” said Saffer. “161 North Clark met its project goals. The space provides employees a more collaborative and efficient work environment while the building provides ample room for Feeding America to host meetings. It was extremely important to Feeding America’s executive team to keep real estate costs as low as possible while creating space that improves operations for its staff.”
161 North Clark is a 50-story, 1-million-square-foot, Class A office tower located in the Central Loop. It features a state-of-the-art conferencing center and outdoor terrace. It is connected to the Chicago Pedway system and adjacent to the Riverwalk and neighborhood amenities. It’s convenient and safe location was a draw for the U.S. hunger-relief organization as were the on-site amenities and large, efficient floor plates.
“Today’s tenants want to be in environments that provide everyday conveniences,” said Schmidt. “This particular property, and its culture of service, aligned perfectly with Feeding America and its culture.”
