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dyen, a payment technology company based in Amsterdam, has made a significant move into Chicago's Fulton Market district with a record-breaking lease. The firm secured nearly 97,000 square feet at 333 North Green Street, an office property owned by Sterling Bay. This deal is the largest lease of the year in Chicago, excluding renewals and expansions.

    The lease was brokered by JLL's Scott Becker on behalf of Adyen, while Sterling Bay was represented by Russ Cora. Fulton Market has undergone significant transformation in recent years, driven in part by Sterling Bay developments. The area is now one of the most desirable office markets in Chicago, with several notable projects underway.

    Adyen had been operating out of a WeWork space nearby during its search for a permanent location. The lease brings the 19-story building to full occupancy, a rare occurrence given current market trends and challenges facing some commercial landlords. The deal provides Adyen with room to accommodate growth, including future workforce expansions, as it continues to serve clients such as Meta, Uber, Spotify, and eBay.

    Sterling Bay's developments in Fulton Market have contributed to the area's resurgence, with other notable projects including a 32-story apartment building by Vista Property and a 34-story apartment tower by Trammell Crow. These developments are helping to fill voids in the market and drive growth in the area.