T
wo prominent law firms, Willkie Farr & Gallagher and Quarles & Brady, are making significant changes to their office space in downtown Chicago as part of a coordinated expansion effort. Willkie Farr is nearly doubling its office footprint at 300 North LaSalle Street by subleasing two floors from Quarles & Brady. The firm's expansion totals 50,000 square feet, bringing its occupancy in the River North building to 105,000 square feet.
Willkie Farr's Midwest Chairman Craig Martin explained that the firm has outgrown its previous space due to rapid growth, with its headcount increasing from 24 attorneys to about 100. Quarles & Brady, on the other hand, is moving to John Buck Company's 155 North Wacker building, where it will occupy 56,000 square feet.
The moves come as Chicago office landlords face record vacancy rates driven by remote work trends. However, Class A office buildings like 300 North LaSalle and 155 North Wacker have fared better than lower-tier counterparts. Irvine Company is investing $30 million in renovations for its debt-free 300 North LaSalle building, which has recently attracted new tenants including Winston & Strawn and Crowell & Moring.
realestate
Irvine Company skyscrapers attract major law firm relocations
Willkie Farr & Gallagher doubles downtown Chicago office space, expanding at 300 North LaSalle Street.
Read More - realestate
realestate
Developer Extell Faces Lawsuit Over Unpaid Legal Fees in Condo Dispute
Extell Development faces new lawsuit over unpaid bills for Lincoln Square project.
Read More - realestate
realestate
Skokie developer shifts focus from apartments to retail properties
Skokie Real Estate Developer Scales Back Plans, Drops Residential Complex for Retail Development
Read More
realestate
CBRE Facilitates Sale of 284-Unit Boston Apartment Portfolio
CBRE Representatives Announce Sale of 284-Unit Apartment Portfolio in Boston Area