{"id":1004653694,"date":"2023-03-28T05:40:50","date_gmt":"2023-03-28T13:40:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004653694"},"modified":"2023-03-29T05:02:55","modified_gmt":"2023-03-29T13:02:55","slug":"tishman-speyer-secures-tenant-at-chicago-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-secures-tenant-at-chicago-office-complex\/","title":{"rendered":"Tishman Speyer Secures Tenant at Chicago Office Complex"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" alt=\"CME Center in Chicago\" class=\"wp-block-jetpack-slideshow_image wp-image-1004653697\" data-id=\"1004653697\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-1-e1679923591397.jpg?w=640\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-1-e1679923591397.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-1-e1679923591397.jpg?resize=300,225 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">CME Center. Image courtesy of CommercialEdge<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"800\" alt=\"CME Center in Chicago\" class=\"wp-block-jetpack-slideshow_image wp-image-1004653698\" data-id=\"1004653698\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-2.jpg?w=1000\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-2.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-2.jpg?resize=300,240 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-2.jpg?resize=768,614 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">CME Center. Image courtesy of CommercialEdge<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" alt=\"CME Center in Chicago\" class=\"wp-block-jetpack-slideshow_image wp-image-1004653699\" data-id=\"1004653699\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-3-e1679923645636.jpg?w=640\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-3-e1679923645636.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/CME-Center-3-e1679923645636.jpg?resize=300,225 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">CME Center. Image courtesy of CommercialEdge<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"660\" alt=\"10 S. Wacker CME Center\" class=\"wp-block-jetpack-slideshow_image wp-image-1004653921\" data-id=\"1004653921\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/10-S-Wacker-CME-Center.jpg?w=1000\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/10-S-Wacker-CME-Center.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/10-S-Wacker-CME-Center.jpg?resize=300,198 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/10-S-Wacker-CME-Center.jpg?resize=768,507 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">10 S. Wacker at CME Center. Image courtesy of Transwestern<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Law firm<strong> Hanley Flight &amp; Zimmerman<\/strong> has signed a 13,943-square-foot lease at CME Center, a three-building Class A office property in Chicago. <strong>Transwestern Real Estate Services<\/strong> negotiated on behalf of the new tenant, while the landlord handled the deal in-house.<\/p>\n<p><strong>Tishman Speyer<\/strong> purchased the nearly 2.4 million-square-foot Class A property in 2007 as part of a portfolio acquisition totaling $1.67 billion, CommercialEdge data shows. Other tenants at the complex include CME Group, Wells Fargo, Apex Systems, Shorehill Capital, Chicago Institute of Investment and others, the same data provider shows.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/flight-to-quality-phenomenon-continues-to-play-out\/\">Flight to Quality Phenomenon Continues to Play Out<\/a><\/p>\n<hr \/>\n<p>Located at 10 &amp; 30 S. Wacker Drive, CME Center is LEED Gold certified and comprises two 40-story office towers and a 10-story structure. The complex includes 14,000 square feet of retail space, 46 passenger elevators and 600 parking spots. The amenity package features a clubhouse, a conference room that can accommodate up to 175 people, a common-area lounge, a fitness center, bike storage services and outdoor space, among others.<\/p>\n<p>Situated on a nearly 2-acre lot within Chicago&#8217;s Loop, close to interstates 90 and 290, as well as multiple subway and bus stations, the office campus is 2 miles from Magnificent Mile and 10 miles from Chicago Midway International Airport.<\/p>\n<p>Transwestern\u2019s Executive Vice President Kyle Robbins, Executive Managing Director Andrew Davidson and Associate Broker Nathan Miller represented the tenant, while Tishman Speyer Managing Director Adam Mitchell and Senior Associate Olivia Parker negotiated on behalf of the landlord.<\/p>\n<h2>A closer look at Chicago<\/h2>\n<p>The lease signing is in line with the ongoing <a href=\"https:\/\/www.commercialsearch.com\/news\/economists-view-how-employees-flight-to-quality-impact-cre\/\">flight-to-quality trend <\/a>that prevails within the office sector. Earlier in February, Tishman Speyer inked two lease extensions at one of its other <a href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-inks-two-lease-extensions-at-chicago-office-tower\/\">properties in Chicago&#8217;s West Loop<\/a>. Law Firm Katten Muchin Rosenman and insurance company Chubb committed to 525 W. Monroe St., a 900,000-square-foot office tower that is currently undergoing a series of major improvements.<\/p>\n<p>According to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/chicago-office-market-slow-to-recover-in-2022\/\">CommercialEdge market update<\/a>, Chicago started off 2022 with one of the highest office vacancy rates among all gateway markets, reaching 19.4 percent in January, followed by San Francisco (18.8 percent) and Manhattan (15.4 percent). During last year, office leasing activity continued at a slow pace in the metro.<\/p>","protected":false},"excerpt":{"rendered":"<p>A law firm will relocate to the 2.4 million-square-foot Class A property.<\/p>\n","protected":false},"author":2991,"featured_media":1004653699,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,13,21742,21747],"tags":[32779,33224,50857],"class_list":["post-1004653694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-midwest","category-latest","category-office","tag-leed","tag-tishman-speyer","tag-transwestern-real-estate-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>Tishman Speyer Secures Tenant at Chicago Office Complex - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hanley Flight &amp; 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