{"id":1004149564,"date":"2016-08-04T05:46:31","date_gmt":"2016-08-04T13:46:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149564"},"modified":"2021-05-15T08:20:15","modified_gmt":"2021-05-15T16:20:15","slug":"wework-expands-chicago-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wework-expands-chicago-footprint\/","title":{"rendered":"WeWork Expands Chicago Footprint"},"content":{"rendered":"<p><em>By Ioana Neamt<\/em><\/p>\n<div id=\"attachment_1004149565\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/20_w_kinzie_image1.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004149565\" data-attachment-id=\"1004149565\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wework-expands-chicago-footprint\/20_w_kinzie_image1-865x471\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/20_w_kinzie_image1-865x471.jpg\" data-orig-size=\"865,471\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"20_w_kinzie_image1-865&#215;471\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/20_w_kinzie_image1-865x471.jpg?w=865\" loading=\"lazy\" class=\"wp-image-1004149565 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/20_w_kinzie_image1.jpg\" alt=\"20 West Kinzie, Chicago\" width=\"300\" height=\"163\" \/><\/a><p id=\"caption-attachment-1004149565\" class=\"wp-caption-text\">20 West Kinzie, Chicago<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014<a href=\"https:\/\/www.ngkf.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Newmark Grubb Knight Frank<\/a> has recently signed an expansion lease with <a href=\"https:\/\/www.wework.com\/\" rel=\"nofollow noopener\" target=\"_blank\">WeWork<\/a> at 20 W. Kinzie St., in Chicago, bringing the firm\u2019s total occupancy in the building to 129,000 square feet. NGKF Senior Managing Director Matthew Ward and Senior Associate Melissa Porcelli worked on behalf of the landlord, The Alter Group, in the lease deal.<\/p>\n<p>\u201cThis transaction was part of a complex, phased, multiple-building occupancy,\u201d Ward said in a statement. \u201cOur NGKF team negotiated the 25,000-square-foot lease with WeWork at 111 West Illinois Street in 2014, the firm\u2019s second Chicago location, in order to establish a River North beachhead for the firm. That lease ultimately culminated with the flagship lease signed at 20 West Kinzie several months later.\u201d<\/p>\n<p>WeWork\u2019s office at 20 W. Kenzie St., used to be the Chicago home of Google, before the company moved to its <a href=\"https:\/\/www.commercialsearch.com\/news\/googles-chicago-hq-fetches-record-price\/\" target=\"_blank\" rel=\"noopener\">new headquarters in Fulton Market<\/a>. With this latest expansion, WeWork went from occupying 104,800 square feet at the site to occupying 129,000. Located at the corner of Dearborn and Kinzie streets, 20 W. Kinzie is a 17-story Class A office building totaling 385,000 square feet of space.<\/p>\n<p>\u201cIf we assume that Chicago will catch up with Manhattan in the next two years and also have a 1.4 percent shared space market share then we can expect to see another 518,000 square feet of leases from tenants like WeWork, MakeOffices and Level in the next two years,\u201d said Ward.<\/p>\n<p><em>Image courtesy of <a href=\"https:\/\/www.20westkinzie.com\/\" rel=\"nofollow noopener\" target=\"_blank\">20 West Kinzie<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company signed a lease expansion with NGKF at 20 W. Kinzie St., in River North.<\/p>\n","protected":false},"author":192,"featured_media":1004149565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,13,21742,21747],"tags":[],"class_list":["post-1004149564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WeWork Expands Chicago Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wework-expands-chicago-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork Expands Chicago Footprint\" \/>\n<meta property=\"og:description\" content=\"The company signed a lease expansion with NGKF at 20 W. 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