Cushman & Wakefield is presenting a novel leasing model at Plug+Work, located at 1033 West Van Buren in Chicago. The West Loop property was developed by property owner Case Equity Partners and Lexington Realty International in response to the lack of suitable options for companies whose needs have abruptly changed in recent months.
Plug+Work spaces include everything a tenant may need—from technology solutions, to fully furnished spaces, a food and beverage program, or any other custom requests—all for a flat monthly fee. Tenants can move into a turnkey, tech-supported space ranging in size from 4,000 to 49,000 square feet, without sacrificing the bells and whistles of a traditional office.
“In today’s difficult times, companies too often consume valuable time, capital and resources rightsizing their real estate with little return,” said Jack McKinney Jr., managing director of agency leasing with Cushman & Wakefield. “We handle the headaches and save them real money within weeks.”
Positioned as a superior alternative to communal cookie-cutter co-working spaces, this rapid relocation option comes with ongoing corporate services such as IT support, high-speed internet, 24/7 access, parking for both cars and bikes and a customized food and beverage program—all move-in ready within 30 to 40 days.
“Most conventional office leasing require significant commitment of resources, and in extraordinary times such as these, tenants must be provided with an alternative,” said Shlomo Chopp, a partner in the venture. “We are responding to the market.”