Pinterest Leases 30,000 Sqft Office Space In Chicago From JPMorgan Asset Management

The office property involved in this leased transaction is located at 101 N Canal St, Chicago, IL, 60606. The asset is an office space spanning 30,000 square feet in the Chicago market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not provided
• Tenant: Pinterest
• Landlord: JPMorgan Asset Management
• Tenant's Rep: Kyle Kaminski(JLL)

Pinterest, a San Francisco-based social media sharing site, is the tenant in this deal, relocating from smaller offices at 320 West Ohio Street to the new 30,000 square feet space at 111 North Canal Street in the West Loop of Chicago. The company has seen significant growth in its Chicago headcount from just one employee in 2014 to 115 employees currently, with plans for further expansion in the city. Pinterest's move aligns with other tech giants like Facebook expanding their presence in Chicago.