Sara Spicklemire and Kelsey Scheive of CBRE represented Shorenstein Properties in leasing a 68,391-square foot office space at One North State in Chicago. James Stein of Cushman & Wakefield represented the tenant, global sales enablement leader Showpad.
The lease represents a significant expansion for Belgium-based Showpad at the historic One North State. Last year, Showpad occupied 18,368 square feet of the property, and, due to successful acquisitions and impressive growth globally, the company has significantly increased its footprint in Chicago.
“Showpad’s explosive growth has not only been fueled by the growing demand for solutions to scale sales excellence and optimize marketing impact, but is also a testament to the amazing talent and tech community here in Chicago,” said Jason Holmes, president and COO of Showpad. “We’re excited to continue investing in Chicago and growing our presence here.”
Located on the corner of State and Madison Streets in Chicago’s Loop, One North State was built between 1900 and 1912 to serve as the flagship for the Mandel Brothers department store. It later became home to Wieboldt’s Department Stores and Central Trading Company.
Shorenstein capitalized on the building’s robust infrastructure and large picture windows as a foundation for transforming the property into a hub for technology and creativity that caters to modern users. The firm added key amenities such as a large town hall, a bi-level fitness center with a climbing wall and a rooftop deck reminiscent of a boutique hotel, which has enhanced the sense of community around the property.
“Shorenstein’s thoughtful redevelopment of One North State has made it a hub for innovative companies in Chicago,” said Spicklemire. “The stunning new amenities have created a number of key differentiators on-site that support tenants like Showpad in their efforts to recruit and retain the top talent our city has to offer.”