Monday, February 25, 2019

Ad Agency Becomes 4th Tenant at New Post Office

Looks like the new Post Office is getting its fourth tenant (via Tribune):
AbelsonTaylor is moving to Chicago’s former old main post office, giving the advertising agency room to add 100 or more employees.

The Chicago-based agency becomes the fourth office tenant to lease space in the 2.8 million-square-foot building that is being redeveloped by 601W Cos.

The riverfront behemoth at 433 W. Van Buren St. has been vacant since 1996, but it’s set to reopen as one of Chicago’s largest office buildings later this year. It is now called The Old Post Office.

AbelsonTaylor signed a 15-year lease for about 85,000 square feet, president and CEO Dale Taylor said. By March 2020, the agency will move from its current offices at 33 W. Monroe St., he said.
The entire building is 2.8 million square feet and with this lease they're now at 407K square feet leased.  So there is a lot of room left, although the article says the leasing agents are actively negotiating another 400K square feet of leases.

Will be interesting to see what other businesses make the move to the historic building.

No comments: