CHICAGO—Riverside Investment and Development Company and Convexity Properties announced today national law firm Chapman and Cutler LLP has signed a 100,000 square feet lease to become the second tenant at the highly-anticipated, trophy-class office building project at 320 South Canal Street.
Located in the heart of the West Loop, the state-of-the-art tower will offer superior transit connectivity, excellent efficiency, unencumbered views, and the largest park in the West Loop. Chapman and Cutler will relocate to occupy three floors at the new building, joining BMO Harris, who anchored the project with its 500,000 square foot lease commitment in December 2018.
“We are very excited about what the move means for Chapman and Cutler LLP,” said William M. Libit, Chief Operating Partner. “We anticipate that [the project] will be built to the current LEED Gold standards. Our move to this new state-of-the-art building will provide us with a modern, technologically advanced workplace designed to facilitate collaboration and interaction with each other and with our clients. We also expect that the move to this new space will enhance our ability to continue to attract and retain talented attorneys and support professionals.”
“We enthusiastically welcome Chapman and Cutler to this development,” said John O’Donnell, Chief Executive Officer of Riverside Investment and Development Company. “In their selection process, it was clear they sought all the benefits of the building’s design, systems, and amenities. Being an established law firm, Chapman and Cutler is a great addition to our tenant roster.”
As part of the transformative Union Station redevelopment project, 320 South Canal is a 50 story, Class A office building located on the block south of the historic Union Station headhouse. Designed by award-winning architect Goettsch Partners, the state-of-the-art building features convenient access to public transportation, excellent light and air, efficient floor plates, and amenities for the evolving needs of tenants. The project is currently under construction and scheduled to be completed in January 2022.
Chapman and Cutler was represented by Bob Chodos, Steve Levitas, and Matt Whipple of Newmark Knight Frank. The landlord was represented by Christy Domin of Riverside Investment & Development Company.
About Riverside Investment and Development Company
Riverside Investment and Development Company is a multi-faceted real estate firm based out of Chicago. Riverside pursues opportunities of significant complexity and scale, seeking to deliver dynamic mixed-use spaces in urban settings. The Company collaborates via its established industry relationships to execute visionary and progressive development and redevelopment opportunities, attracting high quality tenants and residents. It approaches real estate transactions with the fundamental goal of exceeding the highest standards of quality in the market. Its projects are designed to significantly enhance each user’s personal and/or professional life, prioritizing efficiency, amenities, functionality and technology. For additional information, visit www.RiversideID.com.
About Convexity Properties
Convexity Properties is a fully integrated real estate investment firm known for its development of unique retail, residential, commercial and mixed-use properties throughout the United States. Operating as part of diversified trading firm DRW, Convexity Properties has a track record of investing in historic properties, reimagining them to add value and create new purpose. Convexity Properties engages in a number of value-add and ground-up developments, working with local development, design and architecture firms to deliver high-quality projects that reflect the spirit of the community. For additional information, visit www.convexityproperties.com.
About Chapman and Cutler
Chapman and Cutler LLP is a national law firm with a practice that is focused on financial services transactions and clients. Founded in 1913, the firm has more than 230 attorneys with offices in Charlotte, Chicago, New York City, Salt Lake City, San Francisco, and Washington, DC. For more information, please visit www.chapman.com.
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