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Onni Group Secures Leases With Clausen Miller And Stout Risius Ross For 44,000 SF Office

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LEASED
Matthew (Matt) Whipple
Jack O'Brien

Illinois

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Office44,000 SF
Leased
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Property Image
LEASED

Onni Group Secures Leases With Clausen Miller And Stout Risius Ross For 44,000 SF Office

225 West Randolph Street

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Office44,000 SF
Leased
Matthew (Matt) Whipple
Jack O'Brien
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:44000 SF
Transaction Type:Lease

The property involved in this transaction is a 31-story office tower located at 225 West Randolph Street in Chicago, encompassing an asset type of office with a total square footage of 44,000 SF. The landlord for this lease is Innocenzo De Cotiis from Onni Group.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 225 West Randolph Street
  • Market: Chicago
  • Landlord: Innocenzo De Cotiis - Onni Group
  • Tenants: Dennis Fitzpatrick - Clausen Miller; Craige L. Stout - Stout Risius Ross
  • Brokers: Jack O'Brien & Matthew Whipple - Telos Group

The lease includes tenants Clausen Miller and Stout Risius Ross, each occupying 22,000 SF. The deals signify a trend of tenants downsizing, while Onni Group is taking advantage of a $140M renovation and Class L tax incentives to attract office users amidst high vacancy rates in downtown Chicago.

Players

Matthew (Matt) Whipple
Telos Group
Matthew Whipple
6 deals(616) 460-6691
BROKER
Jack O'Brien
Telos Group
Jack O'Brien
2 deals(312) 907-2133
BROKER

Details

LEASED
IMAGE: Innocenzo De Cotiis, Craige L. Stout, Jack O'Brien, Dennis Fitzpatrick & Matthew Whipple DATE: 02/13/2025 ADDRESS: 225 West Randolph Street MARKET: Chicago ASSET TYPE: Office ~ SF: 44,000 LANDLORD: Innocenzo De Cotiis - Onni Group (@OnniGroup) TENANT: Dennis Fitzpatrick - Clausen Miller; Craige L. Stout - Stout Risius Ross BROKERS: Jack O'Brien & Matthew Whipple - Telos Group NOTE: Onni Group is close to securing leases with Clausen Miller (22,000 SF) and Stout Risius Ross (22,000 SF) at the Bell, a renovated 31-story office tower at 225 W. Randolph St. The deals continue the trend of tenants downsizing, while Onni leverages a $140M revamp and Class L tax incentives to attract office users amid high downtown vacancy.

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Deal Type
Effective Rent (Annual)

$2,522,053.45

Total Lease Value

$25,220,534.49

Net Landlord Cash Flow$2,522,053.45