Home Real Estate Workbox Signs Lease, Iron Galaxy Expands Space at The National
Real Estate

Workbox Signs Lease, Iron Galaxy Expands Space at The National


Transwestern Real Estate Services (TRS) signed both a new lease and a large lease expansion at 125 South Clark Street, the 600,830-square-foot building known as The National.

Workbox, a Chicago-based co-working firm, has signed a 29,033-square-foot lease and plans to open its new space in January 2024. And Iron Galaxy Studios, a national video game studio headquartered in Chicago, expanded its 32,865-square-foot lease to 48,156 square feet—a 32 percent footprint increase.

TRS’ Senior Associate John Nelson, Senior Vice President Kathleen Bertrand, and Executive Vice President Eric Myers represented building ownership Commerz Real in lease negotiations. Workbox was represented by Avison Young’s Michael Kloppenburg and Corey Siegrist. Jim Rose of JLL managed negotiations on behalf of Iron Galaxy.

The National features a fitness center, a lounge with a bar, collaborative seating, an outdoor terrace and a 24,000-square-foot food hall. The designated landmark building was built in 1907 and has attracted other recent tenants, including SpotHero and Total Quality Logistics.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...