CHICAGO – Oct. 2, 2023 – A full-service commercial real estate company has relocated its Chicago headquarters to a premier concrete loft office building in the Central Business District.
Advocate Commercial Real Estate Advisors will lease 5,980 square feet on the 14th floor of 145 S. Wells in the West Loop submarket. The firm offers advisory and financial services focused on office and industrial tenants. Moceri + Roszak designed, developed, and owns the 20-story property that focuses on hospitality, well-being, and connection.
Stream Realty Partners Managing Director Mark Bâby and Executive Vice President Matt Lerner represented the landlord in the transaction. Stream, a national commercial real estate firm offering an integrated platform of services, operates one of its 15 core U.S. offices in Chicago.
“The building was an easy choice for us,” said David Knight, Managing Principal at Advocate. “Our team is already enjoying the wide array of first-class amenities, and we like the modern, concrete loft feel, as well as the ability to design the space with unique furniture and finishes.”
145 S. Wells offers 210,318 square feet of rentable office space with 12-foot concrete ceilings. The boutique property is LEED Gold certified and features a robust amenity package which has helped tenants incentivize employees to want to be in the office. The building boasts a penthouse amenity lounge with pool, ping-pong, and foosball tables, a café and cocktail bar, golf simulator, and spacious outdoor deck with grills and fire pits. The amenity floor also includes a conference center and modern fitness center with yoga, Pilates, and spin studio. Ample in-building parking and a dedicated bike room and maintenance center are among other amenities at 145 S. Wells.
Tenants will appreciate easy access to the Chicago Transit Authority’s “L” tracks servicing the loop, in addition to convenient access from Union and LaSalle Street stations and the Ogilvie Transportation Center.
“Any time a real estate company that focuses on tenant representation chooses your building as its home, it’s a great sign that you are doing something right,” Bâby said. “This transaction is representative of the current focus on the West Loop and flight to quality that has driven the majority of new leasing. Well-amenitized buildings close to public transportation have paced the marketplace. We are thrilled to have Advocate in the building and look forward to adding even more great tenants to this community.”
145 S. Wells currently has office space available from 5,500 square feet to full floors with approximately 12,000 square feet. For information, contact Stream Chicago at 708.667.8800.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,200 professionals and now completes more than $5.8 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
