AbelsonTaylor Relocating to Chicago’s Old Post Office Building
- Feb 28, 2019
Chicago’s historic Old Post Office Building is expanding its tenant roster. Health and wellness advertising agency AbelsonTaylor has signed a long-term lease with The 601W Cos. for 85,000 square feet of office space in the building. The firm plans to move all operations from its current location at 33 W. Monroe St. in March next year.
Executive Vice President Stephen Smith, Senior Vice President Jamey Dix and Leasing Director Daniel Heckman of The Telos Group represented the landlord in the lease. The deal marks the fourth long-term agreement signed at the building during the past eight months. Cushman & Wakefield’s Executive Managing Director Jack Keenan worked on behalf of the tenant.
“The Old Post Office continues to develop a diverse and progressive tenant base and the addition of AbelsonTaylor shows we are attracting tenants from all industries, including corporate headquarters, e-commerce, consumer products, media, and advertising,” said Brian Whiting, president of The Telos Group, in a prepared statement.
Other recent leases were closed with The Chicago Metropolitan Agency for Planning, Candy manufacturer Ferrara and Walgreens.
Located at 433 W. Van Buren St., the nine-story building is undergoing an $800 million renovation. The asset encompasses 2.5 million square feet of office and retail space, an on-site café, jogging trail, fitness center and rooftop garden. The 601W Cos. bought the asset in 2016 from International Property Developers North America for $217.5 million, according to Yardi Matrix data. The company has also invested $25 million in renovating Chicago’s Aon Center.
Image via Google Street View