Readystate Asset Management, an alternative asset manager, is expanding its presence in Chicago’s Fulton Market District with a move to 360 N. Green. The new office tower, owned by Sterling Bay and institutional investors advised by J.P. Morgan Global Alternatives, will nearly double Readystate’s current office space.
Cushman & Wakefield’s Vice Chairman Ari Klein and Executive Managing Director Scott Shelbourne represented the tenant in this transaction while Sterling Bay’s Vice Presidents of Leasing Daniella Hemsley and Dave Gloor negotiated on behalf of the landlord.
The company plans to relocate its headquarters from 936 W. Fulton Market to occupy 13,500 square feet at the new location as it continues to grow its operations in Chicago. Founded in 2021 by David Grossman and Ryan Garino (former co-heads of global credit at Citadel), Readystate Asset Management has quickly established itself as a leader in the industry.
Gensler designed the impressive 500,000-square-foot building with input from Sterling Bay Design Studio; construction is currently underway with an expected completion date of 2024.
This article was originally published on Connect CRE.
