{"id":1004373548,"date":"2019-12-06T06:12:33","date_gmt":"2019-12-06T14:12:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004373548"},"modified":"2019-12-06T06:12:33","modified_gmt":"2019-12-06T14:12:33","slug":"chicagos-200-w-madison-welcomes-new-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/","title":{"rendered":"Chicago&#8217;s 200 W Madison Welcomes New Tenants"},"content":{"rendered":"<div id=\"attachment_1004175875\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004175875\" data-attachment-id=\"1004175875\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-retains-anchor-tenant-at-chicago-office-building\/200-w-madison-chicago\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Steve Hall&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Steve Hall @ Hedrich Blessing Photographers&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;1&quot;}\" data-image-title=\"200 W. Madison, Chicago\" data-image-description=\"&lt;p&gt;200 W. Madison, Chicago&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;200 W. Madison, Chicago. &lt;i&gt;Image courtesy of Transwestern&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg?w=800\" class=\"wp-image-1004175875 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\" alt=\"200 W. Madison, Chicago\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004175875\" class=\"wp-caption-text\">200 W. Madison, Chicago. <i>Image courtesy of Transwestern<\/i><\/p><\/div>\n<p>Transwestern Commercial Services has brokered three new long-term leases totaling 82,013 square feet at 200 W. Madison. The space occupied by the new tenants along with five lease extensions have brought the asset\u2019s occupancy rate to 90 percent.<\/p>\n<p>FBRK Impact House, former NFL player Israel Idonije\u2019s project for an innovation-focused philanthropy center scheduled to open in 2020, will occupy 45,000 square feet. The other two new tenants are a national full-service law firm and a multinational Fortune 500 company.<\/p>\n<p>Located at 200 W. Madison St. in Chicago\u2019s West Loop, one block away from the Washington\/Wells subway station, the transit-oriented building is less than a mile from downtown Chicago and roughly 17 miles from O\u2019Hare International Airport. The property, owned by&nbsp;BentallGreenOak\u2019s U.S. Core Fund, also offers easy access to interstates 90 and 290.<\/p>\n<h2>Multiple upgrades<\/h2>\n<p>Built in 1983, the 928,040-square-foot, 45-story property has undergone multiple improvements over the past 15 years, including a complete renovation in 2006.&nbsp; Additionally, in 2015, the tower was awarded a LEED Gold certification and has committed to the Retrofit Chicago Energy Challenge.<\/p>\n<p>Transwestern\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-lands-new-chicagoland-leasing-assignment\/\">Executive Vice President Eric Myers<\/a> and Senior Vice Presidents Jeff Dowdell and Katie Steele negotiated the new leases. The company also handles the property management for the building.<\/p>\n<p>Despite 1.3 million square feet of new construction in the past two years, the West Loop Class A office market has maintained an occupancy of 88.4 percent in the third quarter, according to Transwestern.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new tenants will join companies such as UNICEF, Philadelphia Insurance Cos. and Pearlmark at the 36-year-old Class A tower.<\/p>\n","protected":false},"author":867,"featured_media":1004175875,"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":[46487,35412,34134,33645,33224,42440],"class_list":["post-1004373548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-midwest","category-latest","category-office","tag-bentallgreenoak","tag-katie-steele","tag-mept","tag-pearlmark","tag-tishman-speyer","tag-transwestern-commercial-services"],"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>Chicago&#039;s 200 W Madison Welcomes New Tenants - 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\/chicagos-200-w-madison-welcomes-new-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago&#039;s 200 W Madison Welcomes New Tenants\" \/>\n<meta property=\"og:description\" content=\"The new tenants will join companies such as UNICEF, Philadelphia Insurance Cos. and Pearlmark at the 36-year-old Class A tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-06T14:12:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/\",\"name\":\"Chicago's 200 W Madison Welcomes New Tenants - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\",\"datePublished\":\"2019-12-06T14:12:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicagos-200-w-madison-welcomes-new-tenants\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/200-W-Madison-Chicago.jpg\",\"width\":800,\"height\":600,\"caption\":\"200 W. 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