The Chicago portfolio of Irvine Company has experienced a surge in leasing activity, with financial and professional service firms taking up nearly one million square feet of office space since July. Currently, the portfolio is 95% leased. According to Roger DeWames, President of Irvine Company Office Properties, this is due to the prime location near transportation and dining options as well as exceptional amenities that enhance the workday.
One notable lease transaction involved PricewaterhouseCoopers committing to a 10-year renewal on their entire 282,577-square-foot workplace which houses 4,000 employees. This deal stands out as one of downtown’s largest recommitments in recent years.
Irvine is currently implementing a reinvestment plan at its property located at 300 North LaSalle which includes renovating the lobby area and adding new amenities such as a coffee bar and fitness center. Additionally, One North Wacker recently underwent an amenity floor transformation worth $10 million completed by Irvine Company.
