Mark Lipschultz Of Blue Owl Capital Leases 27000 Square Feet From John O’Donnell In Chicago

The transaction involves an office asset located at 150 North Riverside Plaza in Chicago. The property features a total square footage of 27,000, contributing to the local office market's offerings. This lease marks a significant expansion for the tenant in a market facing record high vacancies.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Specified
• Address: 150 North Riverside Plaza
• Market: Chicago
• Square Footage: 27,000
• Landlord: John O’Donnell - Riverside Investment and Development
• Tenant: Mark Lipschultz - Blue Owl Capital

Mark Lipschultz, representing Blue Owl Capital, negotiated a lease to expand the firm's Chicago office footprint by relocating from 30 North LaSalle. The firm subleased the space from William Blair amidst an increase in downtown office vacancies, which have reached 26.3%.