Wolverine Trading Leases 83000 SF Office Space At Old Post Office In Chicago

The property asset involved in this transaction is an office space located at 433 West Van Buren Street in Chicago, comprising 83,000 square feet. The landlord for this lease transaction is TrueBlue, and the tenant is Wolverine Trading, represented by Christopher Lazarus Gust. The property is part of the market shift towards Class A assets, as reflected by the high occupancy rate of the Old Post Office facility.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 433 West Van Buren Street
• Market: Chicago
• Asset Size: 83,000 SF
• Landlord: TrueBlue
• Tenant: Wolverine Trading
• Landlord's Representative: Jack Deroche - Cushman & Wakefield
• Tenant's Representative: Robert Sevim - Savills

This lease transaction indicates Wolverine Trading's plans to sublease the office space at the Old Post Office while exiting its current headquarters at 175 W. Jackson, which has been affected by foreclosure. The deal speaks to the ongoing trend in Chicago where tenants are gravitating towards higher-quality office spaces as Class A properties continue to outperform less desirable Class B assets.