Chicago’s 150 N. Riverside Plaza just gained a new tenant. Savills Studley announced earlier this week that it will be relocating its Chicago office to the West Loop office tower.
The 1.2 million-square-foot class A building currently under construction along the Chicago River will be home to the firm’s business and expanding workplace beginning February 2017.
Savills Studley will move to the 19th floor of 150 North Riverside Plaza, which is owned by Riverside Investment & Development Company. The iconic architecture firm Skidmore, Owings & Merrill (SOM) will design Savills Studley’s office within the tower.
The building has been called “Chicago’s most innovative commercial building,” and upon completion, will receive gold certification through the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program and earn platinum status from WiredScore.
The determination to select 150 North Riverside was the result of an extensive market search and workplace strategy analysis. Savills Studley will join marquee tenants within the new tower, including Hyatt Hotels Corp., William Blair & Co., Navigant and Victory Park Capital Advisors LLC.
Drew Nieman and Christy Domin of CBRE represented the landlord in this transaction.
Bounded by Lake and Randolph Streets and the Chicago River, 150 North Riverside is a transit-oriented development that offers on-site amenities and services at the property, highlighted by an 8,000-square-foot riverfront fitness center; a first-class service restaurant and casual dining venue; executive and valet parking; best-in-class wireless connectivity and infrastructure; and riverfront conference facilities.
Savills Studley was founded in 1954 as a commercial real estate services firm specializing in tenant representation. What began as a three-person office has grown over time to now feature more than 30 tenant advisors serving the real estate needs of businesses across a wide range of industries.
The firm’s Chicago office has won the prestigious Greater Chicago Food Depository’s Broker of the Year Award at the Annual Chicago Commercial Real Estate Awards Dinner in six of the past 12 years.
Savills Studley professionals continue to execute landmark Chicago real estate transactions, including the sale of the Old Post Office and CNA Financial Corporation‘s 275,000-square-foot relocation to 151 North Franklin, Chicago’s newest high-rise office development.