Industrious Leases 93000 Square Feet At 500 W Madison St Chicago Represented By Mark Cassata And Brian Murphy

The property asset involved is located at 500 W Madison St, Chicago, IL, 60661, known as Accenture Tower, a 40-story Class A+ high-rise building encompassing 93,000 square feet of leased space. This property is situated in the Chicago market and features various amenities including a two-level fitness center, an on-site basketball court, conference rooms, a café, and an ATM. The building has undergone significant renovations, the latest being a multimillion-dollar improvement program initiated by KBS in 2015.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not disclosed
• Address: 500 W Madison St, Chicago, IL, 60661
• Market: Chicago
• Tenant: Industrious
• Landlord: KBS
• Tenant's Representatives: Mark Cassata (CBRE), Brian Murphy (Newmark)
• Landlord's Representative: Matthew (Matt) Lerner (Stream Realty Partners)
• Square Feet: 93,000

This leasing deal involves key individuals and companies, including Industrious, which has expanded to occupy over 93,000 square feet, doubling its original space since opening in June. The landlord KBS had its interests represented by Cushman & Wakefield through Executive Director Wendy Katz and Senior Director Matt Lerner. CBRE facilitated the negotiation for Industrious, with Executive Vice President Paul Reaumond, Senior Vice President Mark Cassata, and Director Ian Murphy involved in the transaction.