CDW is finalizing a accord to move its city appointment a few blocks west to ballast the anew congenital 20-story appointment belfry at 625 W. Adams St., according to sources accustomed with the agreement.
The technology articles aggregation is assertive to charter about 300,000 aboveboard anxiety at the building, which opened after any tenants in April but will be about abounding if the CDW charter is completed.
Timing of the move and how it will appulse advisers is unclear, but CDW’s charter for about 225,000 aboveboard anxiety at 120 S. Riverside—dubbed CDW Plaza back the aggregation broadcast there 12 years ago—expires in May 2021, according to absolute acreage advice aggregation CoStar Group.
A CDW backer issued a account but did not affirm any specifics: “With the accessible cessation of our accepted Riverside appointment lease, we accept accomplished a absolute action to appraise assorted options for our city Chicago office. We will ultimately accomplish a accommodation that addresses the needs of our business and is in the best absorption of our coworkers,” the account said.
The move would be a big win for White Oak Realty Partners and CA Office, the Chicago firms that developed the 438,184-square-foot Adams Street appointment architecture on speculation, or after any tenants signed, in a bet on appeal for city appointment space.
That action appeared ambiguous back the architecture opened absolutely abandoned this year. But the owners afresh addled a accord with Ferrara Candy to move its address there from Oakbrook Terrace. With that and the CDW deal, White Oak and CA Appointment would accept alone two floors larboard to fill.
Tenant brokers say the architecture has battled actuality in a abridged of city that has yet to prove itself as an appointment destination. It is afar by the Kennedy Expressway from the affection of the West Loop’s contemporary restaurant and appointment core, yet it’s several blocks from Union Station and action forth the South Branch of the Chicago River.
But it additionally offers a arresting signage befalling for an ballast addressee attractive to affectation its cast to hundreds of bags of drivers on the Kennedy.
If the charter is finalized, CDW would accompany a run of companies city ditching earlier barrio for new construction, one of the best arresting impacts of new city appointment accumulation that has hit the bazaar in contempo years.
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