175 West Jackson Gains New Tenant

Loadsmart, Inc. signs lease for 34,070 RSF, making Chicago its new HQ

Today, Loadsmart, Inc (Loadsmart), a fast-growing digital freight broker, announced the company is moving their HQ from New York to Chicago, occupying 34,070 RSF on the 14th floor of Brookfield Properties' newly redeveloped 175 West Jackson building in the West Loop. This new lease was facilitated by Chicago real estate firm, The Telos Group, LLC (Telos).

"175 West Jackson has some of the largest floorplates in the city, allowing for flexibility in headcount as companies adapt to back-to-office strategies," said Jeff Dowdell, Senior Vice President at Telos. "Tenants can not only take advantage of the efficiency in their space, but also the modern amenities that have been reimagined and vastly improved by ownership. The rooftop terrace, for example, is a great alternative to tenant space for an all-hands-on-deck meeting or event as tenants return to the office. We are thrilled 175 W Jackson can offer this amenity to our clients."

One of the original large floorplate office buildings, 175 West Jackson boasts a highly desirable West Loop location near several "EL" stations, is walking distance from Union Station and is directly off the highway for easy access for daily drivers. It recently underwent a large-scale repositioning to provide tenants with modern progressive space and must-have amenities. The building now features penthouse-level amenities, including a brand-new rooftop terrace, tenant lounge, conferencing facilities, and a state-of-the-art fitness center. 175 West Jackson also has two internal light atriums, providing an ample amount of sunlight throughout the entire floorplate for improved productivity.

"Loadsmart is leveraging technology in the freight industry in a really unique way, and our team wanted to make sure we found a space that fit their short- and long-term needs as Loadsmart transitions its HQ to Chicago from New York City. This move reinforces Chicago as the epicenter of global logistics and the firm plans to hire 200 additional employees in the second half of 2021," said Jordan Decker of Cushman & Wakefield, who represented Loadsmart, Inc. "We are thrilled to be able to pair Loadsmart with a building and ownership group as dynamic as they are."

Loadsmart has used expertise in the logistical industry to fundamentally change how freight is priced, booked, and shipped. The company's goal is to ensure no trailer goes empty and no mile goes wasted. They provide support and pricing to both the shipping and carrier ends of the industry.

Jack O'Brien, Jeff Dowdell, and JD Parcheta of The Telos Group, LLC represented ownership in the transaction.

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About The Telos Group, LLC:

The Telos Group, LLC (Telos) provides leasing, marketing and consulting services in Chicago and consulting services for real estate businesses nationwide. As Chicago's only dedicated owner representation firm, it has been the leader in shaping the evolution of office space for innovative businesses. Telos represents a portfolio of over 26 million square feet encompassing historic to trophy buildings owned by diverse ownership groups, from entrepreneurial investor consortiums to international institutions.

For more information, visit https://www.telosgroupllc.com.

Media Contacts

Cailin Rogers

The Telos Group, LLC

(612) 806-8737 crogers@telosgroupllc.com

Source: The Telos Group

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Categories: Real Estate

Tags: chicago, lease, real estate, tenant


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