Tishman Speyer Leases 70,000 Square Feet At 227 West Monroe Street To Databricks And Alliant

The property asset involved in this transaction is an office space located at 227 West Monroe Street in the Chicago market. The total square footage of the leased space is 70,000 square feet, with 50,000 square feet leased by Databricks and 20,000 square feet leased by Alliant Insurance Services. The landlord for the property is Rob Speyer from Tishman Speyer.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Lease Date: 04/30/2026
• Landlord: Rob Speyer - Tishman Speyer
• Tenant 1: Ali Ghodsi - Databricks
• Tenant 2: Greg Zimmer - Alliant Insurance Services
• Landlord's Representatives: Ellen May & Stephen Golz - Tishman Speyer
• Tenant's Representatives: Eddie Viliunas - JLL; Robert Sevim - Savills

The deals indicate a strategic move for Tishman Speyer in boosting occupancy at The Franklin, especially amidst prior tenant departures. The leasing arrangements also highlight the ongoing demand for Class A office space in Chicago, reflecting a flight-to-quality trend with Databricks expanding its presence in the market.