Transwestern Brokers 30,000-Square-Foot Lease
February 05, 2024
CHICAGO – Transwestern Real Estate Services (TRS) announces it has represented building ownership on a new lease at 203 N. LaSalle, a 27-story, 624,724-square-foot office building in Chicago’s Central Loop submarket. The new tenant, Mintel, signed the 30,000-square-foot lease in December 2022 and has now moved into its new space. The building owner, Sumitomo Corporation of Americas, was represented by Transwestern Senior Vice President Kathleen Bertrand, Executive Vice President Eric Myers and Senior Associate John Nelson. The building is leased and managed by Transwestern.
Mintel, a global market intelligence agency, leaves behind a 26,000-square-foot office at 333 W. Wacker Drive in the West Loop upon its move to 203 N. LaSalle. The Chicago office is the international organization’s only address in North America.
“We are thrilled to be in our new space at 203 N. LaSalle,” said Ben Dietz, President and General Manager, Mintel Americas. “The building has a lot to offer. The space brings great energy and facilitates both quiet and collaborative work, which is essential to how our teams support our clients. The new office is a perfect way to commit, once again, to the city of Chicago.”
203 N. LaSalle is a LEED Platinum tower with access to considerable options for transportation. It offers a 1,200-space parking garage as well as a direct connection to the CTA Clark/Lake Station and the Pedway system. The building features newly constructed, world-class amenities, including a state-of-the-art conference center, complimentary fitness center, and multiple tenant lounges with unique touches like a working fireplace. The building also possesses a 12-story interior atrium that allows for an abundance of natural light. There is currently a 92,000-square-foot, big-block space available in the building.
“We’re excited to welcome Mintel to 203 N. LaSalle,” said Bertrand. "The building is debt-free and in a great location with a full amenity package. We’re confident that Mintel’s people-first culture and our dedication to the tenant experience will make for a perfect fit."
Michelle Wiedman of Wiedman Real Estate represented Mintel in the transaction.
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About Sumitomo Corporation of Americas
Sumitomo Corporation of Americas (SCOA) was established in 1952 and is headquartered in New York City with nine offices in major U.S. cities, four offices throughout Canada, and two offices in Mexico. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world’s leading traders of goods and services. As an integrated business enterprise, the firm has emerged as a major organization of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for the distribution of products and global communications through a network of offices worldwide. Its core businesses include Energy, Automotive, Social Infrastructure, Agri-food and Life Science, Construction and Transportation Systems, Real Estate, Mineral Resources, and Energy Innovation. For more information visit www.sumitomocorp.com
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.