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Thornton Tomasetti Leases Office Space At 600 West Fulton St. In Chicago

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LEASED
$27

Indiana

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Office19,000 SF
Leased 05/02/2020
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LEASED

Thornton Tomasetti Leases Office Space At 600 West Fulton St. In Chicago

600 West Fulton Street

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Office19,000 SF
Leased 05/02/2020
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Summary

INDIANA
Asset Type:Office
Price Per Square Foot:$27
Total Square Footage:19,000 SF
Transaction Type:Lease

Engineering consultant Thornton Tomasetti is reducing its Chicago office footprint by over 40% with a move to a nearly 19,000-square-foot space at 600 West Fulton Street. Their previous space, located at 330 North Wabash Avenue in River North, spanned 32,000 square feet. The new location in the Fulton Market District offers trendy spaces that are attracting tenants, while downtown Chicago's central business district is experiencing negative net absorption and a surplus of vacant office space.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 West Fulton Street
  • Market: Chicago

Thornton Tomasetti's relocation to 600 West Fulton Street was facilitated by their tenant representative Molly Carroll and Andy Strand from JLL. They will be leasing the space from Parkside Realty, represented by Barb Schenberg. The asking rent for the 19,000-square-foot office is $27.2 per square foot.

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Details

LEASED
IMAGE: Barb Schenberg, Molly Carroll, Rachel Michelin & Andy Strand DATE: 05/03/2023 ADDRESS: 600 West Fulton Street MARKET: Chicago ASSET TYPE: Office LANDLORD: Parkside Realty TENANT: Thornton Tomasetti (@ThorntonTomasetti) - Rachel Michelin LANDLORD'S REP: Barb Schenberg - Parkside Realty (@ParksideRealty) TENANT'S REP: Molly Carroll & Andy Strand - JLL (@JLL) ASKING RENT: $27.2/ft. ~ SF: 19,000 NOTE: Engineering consultant Thornton Tomasetti is reducing its Chicago office footprint by over 40% with a move to a nearly 19,000-square-foot space at 600 West Fulton Street, leaving behind its previous 32,000-square-foot space at 330 North Wabash Avenue in River North. The move comes as the Fulton Market District, near the new location, continues to attract tenants to its trendy spaces, while downtown Chicago's central business district faces negative net absorption and a surplus of vacant office space.

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Deal Type
Effective Rent (Annual)

$592,453.28

Total Lease Value

$5,924,532.83

Net Landlord Cash Flow$592,453.28