{"id":1004190189,"date":"2017-09-13T03:22:22","date_gmt":"2017-09-13T11:22:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190189"},"modified":"2022-12-08T01:52:03","modified_gmt":"2022-12-08T09:52:03","slug":"marcus-millichap-expands-chicago-downtown-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-expands-chicago-downtown-office\/","title":{"rendered":"Marcus &amp; Millichap Expands Chicago Downtown Office"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004190190\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004190190\" data-attachment-id=\"1004190190\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-expands-chicago-downtown-office\/333-w-wacker-drive-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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=\"333 W. Wacker Drive, Chicago\" data-image-description=\"&lt;p&gt;333 W. Wacker Drive, Chicago&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;333 W. Wacker Drive, Chicago&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png?w=800\" loading=\"lazy\" class=\"wp-image-1004190190 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png\" alt=\"333 W. Wacker Drive, Chicago\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/333-W.-Wacker-Drive-Chicago.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004190190\" class=\"wp-caption-text\">333 W. Wacker Drive, Chicago<\/p><\/div>\n<p>Marcus &amp; Millichap is adding 6,000 square feet to its Chicago office\u00a0at 333 W. Wacker Drive to accommodate new team members. Following the expansion, the downtown workplace\u00a0will have space for 80 sales professionals, originators and staff as well as the team\u2019s three managers: Richard Matricaria, David Bradley and Joseph Powers.<\/p>\n<p>\u201c<em>We are seizing opportunity to accelerate our company\u2019s growth in a key, strategic urban market through the expansion of our downtown office, and enhance synergy with our top Chicago-based <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichaps-ipa-taps-national-director\/\">Institutional Property Advisors<\/a> (IPA) agents under one roof,<\/em>\u201d said Matricaria, in prepared remarks.<\/p>\n<h2>Oak Brook division grows<\/h2>\n<p>In addition to this move, Marcus &amp; Millichap also plans to grow its Oak Brook team from 34 to 45 people. The office, managed by Steven Weinstock, has recently received several facility and interior upgrades.\u00a0The company will\u00a0transfer personnel\u00a0from its O&#8217;Hare branch\u00a0to its downtown Chicago or Oak Brook locations.\u00a0<\/p>\n<p>Marcus &amp; Millichap\u2019s downtown location offers easy access to public transportation and a variety of amenities. The 36-story office building sits at the intersection of two top-performing Chicago submarkets, the West Loop and River North, being anchored by Aetna Insurance and Nuveen Investments, according to the property manager\u2019s website. PNC Realty bought the <a href=\"https:\/\/www.commercialsearch.com\/news\/iconic-chicago-riverfront-office-tower-sells-for-320m\/\">iconic office tower<\/a> from Hines in 2015, in a $320.5 million transaction.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company added 6,000 square feet of space to its office at 333 W. Wacker Drive and is currently enlarging its Oak Brook team. <\/p>\n","protected":false},"author":1064,"featured_media":1004190190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,13,21742,21747],"tags":[37532,32797,34836,37533],"class_list":["post-1004190189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-midwest","category-latest","category-office","tag-333-w-wacker-drive","tag-hines","tag-marcus-millichap","tag-pnc-realty-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Marcus &amp; Millichap Expands Chicago Downtown Office - 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\/marcus-millichap-expands-chicago-downtown-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; Millichap Expands Chicago Downtown Office\" \/>\n<meta property=\"og:description\" content=\"The company added 6,000 square feet of space to its office at 333 W. 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