Newmark Knight Frank (NKF) advised Sheehan Nagle Hartray Architects (SNHA) in its long-term, full-floor lease at One Prudential Plaza in Chicago. SNHA’s Chicago office is its headquarters, while its London office serves the European data center market.
Relocating from 12,907 square feet in the Inland Steel Buildingat at 30 W. Monroe Street, SNHA worked with NKF to find larger, more flexible space for the fast-growing firm. NKF executive managing director Geoffrey Kasselman, SIOR, LEED AP, and director Matthew Whipple led the brokerage team representing SNHA, along with NKF vice chairmen Bob Chodos, SIOR and Steve Levitas. The landlord of One Prudential Plaza, Sterling Bay, self-represented in the lease negotiations.
The NKF team provided site selection services, along with lease negotiations and financial analyses, ultimately securing the 23,615-square-foot lease at One Prudential Plaza based on its abundance of natural light, best-in-class amenities, location and efficient floor plates with room for growth. In addition, Kasselman and Whipple were also selected by SNHA to market the firm’s remaining 9,317 square feet of space at 30 W. Monroe for sublease.
“The NKF team listened to our needs and helped us pinpoint first-class space in an architecturally significant building where the whole team can be on one floor together with room for expansion if needed,” said SNHA principal Neil Sheehan. “We can’t wait to be in our new space once the renovations are complete.”
SNHA will move into its new space at One Prudential Plaza in April 2019 once it has been built to its specifications. Known for the design of significant cultural educational facilities as well as some of the largest data center developments in the world, this is its fifth office deal with Kasselman in the past seven years, all of which have been to accommodate the firm’s rapid growth. Kasselman also recently represented SNHA, along with Knight Frank, in securing new office “flex” space for its London office.
“It is always gratifying to help solve the space needs for any of our clients, but in the case of SNHA, it has been much more than that,“ said Kasselman. “We take immense pride in working with SNHA yet again on their strategic considerations along with the analytics and the tactical implementation to help SNHA secure dramatic space in a dynamic location that accomplishes all of their near and long-term needs.”
