Interactive Brokers Group Leases 60000 Square Feet At 10 South Riverside Plaza In Chicago

The property asset involved in this transaction is located at 10 South Riverside Plaza in Chicago. It is an office space with a total square footage of 60,000. The building has undergone a $75 million renovation and is currently 65% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 10 South Riverside Plaza
• Market: Chicago
• Landlord: Laura Hines-Pierce - Hines
• Tenant: Thomas Peterffy - Interactive Brokers Group
• Brokers: Mark Cassata, Bill Sheehy, Kelsey Scheive & Kelsey Morgan - CBRE

The deal represents a crucial moment for Interactive Brokers Group as it seeks to consolidate its Chicago offices, especially after a previous leasing deal fell through. The transaction is significant for the landlord, Hines, as it aims to stabilize occupancy rates within a challenging office leasing market.