Urban Innovations signed 28 leases in the first half of 2025 in Chicago, totaling more than 74,000 square feet.
The tenants represent a variety of industries from a med spa to interior design and construction to private equity investors. These leases show that return-to-office trends are bringing tenants back to the River North submarket.
Urban Innovations owns 11 buildings in Chicago’s River North neighborhood, where its seeing occupancy rates hit 93% across the portfolio. Some of the top transactions this year for Urban Innovations include:
● Water treatment systems company Culligan International \leased 5,664 square feet at 440 N. Wells St. Max Nachemson and Jordon Rovito of Cushman & Wakefield Inc. represented the tenant.
● Med Spa Beautifully New signed a new lease for 5,155 square feet at 372 N. Ontario St. Beautifully New was represented by Avi Schiffman of Landstar Realty.
● Multifamily investment management company Bender Management leased 5,075 square feet at 440 N. Wells St. Jordan Becker and Paige Korte of Stream Realty Partners represented Bender Management
● Private real estate investors Midloch signed a new lease for 3,815 square feet at 325 W. Huron St. Midloch was represented by Eric Sorenson of Cushman & Wakefield.
● Venture and private equity investor Further Point Acquisitions, owners of Foxtrot Markets, leased 3,159 square feet at 444 N. Wells St. Tony Coglianese of CBRE represented the tenant.
Aaron Zaretsky of Urban Innovations represented ownership on these transactions.
