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Winston & Strawn LLP Leases 148,000 Sq Ft At 300 North LaSalle, Chicago

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LEASED
$43

Illinois

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Office148,000 SF
Leased 07/24/2023
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Property Image
LEASED

Winston & Strawn LLP Leases 148,000 Sq Ft At 300 North LaSalle, Chicago

300 N La Salle Dr, Chicago, Il 60654, United States

See Similar Deals
Office148,000 SF
Leased 07/24/2023
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$43
Total Square Footage:148,000 SF
Transaction Type:Lease

Winston & Strawn LLP has recently signed a lease for 148,000 square feet of office space at 300 North LaSalle in Chicago's River North district. The international law firm was attracted to this property due to its architectural significance and landmark location in the city's skyline. Additionally, the recently announced $30 million reinvestment in the iconic tower played a role in their decision.

Summary of transaction details

  • Property Type: Office
  • Address: 300 North LaSalle, Chicago
  • Market: Chicago
  • Tenant: Winston & Strawn LLP - Cardelle Spangler
  • Landlord: Irvine Company
  • Brokers: Nancy Pacher & David Mahoney - CBRE
  • Asking Rent: $43/ft. ~ SF: 148,000

This lease deal, facilitated by brokers Nancy Pacher and David Mahoney of CBRE, showcases the collaboration between Winston & Strawn LLP and Irvine Company. The law firm recognized the value of the property's location and its historical significance within Chicago's skyline. This transaction serves as a testament to the ongoing investment and development in the River North district.

Players

Nancy Pacher
1 deal
BROKER

David Mahoney
CBRE
5 deals$14.1M volume(312) 935-1964
BROKER

Irvine Company
LANDLORD

Details

LEASED
IMAGE: Cardelle Spangler & David Mahoney DATE: 07/24/2023 ADDRESS: 300 North LaSalle MARKET: Chicago ASSET TYPE: Office LANDLORD: Irvine Company (@IrvineCompanyChicago) TENANT: Winston & Strawn LLP (@WinstonStrawnLLP) - Cardelle Spangler BROKERS: Nancy Pacher & David Mahoney - CBRE (@CBRE) ASKING RENT: $43/ft. ~ SF: 148,000 NOTE: Winston & Strawn LLP leased 148,000 sq ft across six floors at 300 North LaSalle in Chicago's River North district for its office space, attracted by the architectural significance and landmark location in the city's skyline. The international law firm was also influenced by the recently announced $30 million reinvestment in the iconic tower.

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Deal Type
Effective Rent (Annual)

$7,295,612.79

Total Lease Value

$72,956,127.94

Net Landlord Cash Flow$7,295,612.79