Equity Office Secures New Tenant at Chicago Office Building

Gartner Inc. will be moving its Midwest operations to one of Equity’s River North Point’s assets in order to accommodate its business expansion.

River North Point, 350 N. Orleans St., Chicago
River North Point, 350 N. Orleans St., Chicago

Equity Office has closed a new lease with research and advisory company Gartner Inc. at one of its Chicago office buildings. Starting the summer of 2018, the new tenant’s 650 employees will occupy 74,450 square feet at 350 N. Orleans St. Their relocation from 200 W. Jackson is due to the company’s last year acquisition of CEB.  

The 13-story office building was delivered in the 1970s and went through a complete renovation in 2014, one year before Blackstone bought it from Shorenstein. Blackstone and Equity Office own and operate several Chicago office properties, including the 110-story Willis Tower. 

Modern amenities

The LEED Gold-certified asset incorporates more than 25,000 square feet of tenant-only amenity space which includes a large fitness center, a newly landscaped rooftop deck, tenant lounge and conference facility. In addition, the building provides views of the river and Chicago’s skyline.

River North Point is connected to the Merchandise Mart though a glass-enclosed skywalk. It offers access to CTA train and bus lines and it can be reached via interstates 90 and 94. 

A team of CBRE brokers made up of Senior Vice Presidents Mike Kazmierczak and Ron Lakin, together with Senior Associate Ellen Zalatoris represented the landlord in the transaction. Managing Director Matt Carolan and Vice President Christine Bower of JLL worked on behalf of the tenant.  

Image courtesy of Yardi Matrix