The renovation of 200 N LaSalle Street in Chicago’s Central Loop submarket is anticipated to deliver 4Q 2023, with Stream leading leasing initiatives
CHICAGO, IL – October 30, 2023 – Onni Group, an international real estate owner-developer of commercial, mixed-use, residential, and hospitality properties, announced that the renovation of 200 N LaSalle Street in Chicago is expected to deliver 4Q 2023, with Stream Realty Partners enlisted to continue leasing for the property.
Onni Group purchased the 643,323-square-foot office building in 2012, creating one of the most well-received amenity centers in the region. 200 N LaSalle Street’s current hospitality-inspired renovation has driven real interest in Chicago’s Central Loop submarket, solidifying Onni Group’s commitment to its tenants and the city of Chicago.
200 N LaSalle is located steps from the Chicago Riverwalk and at the north end of the bustling downtown Loop, just south of Chicago’s River North neighborhood. Renovations include a third-floor transformation, complete with a new tenant lounge and bar, a refreshed conference center with seating for up to 150 people, a private lounge for hosting intimate events, café and bar seating, wine and whiskey lockers, an upgraded fitness center, a massage and treatment room, and multiple wellness rooms.
Additional features include a lobby-level lounge and game room, a golf simulator, arcade games, seating areas, a significant catering kitchen, secure indoor bike parking, and changing rooms.
“Chicago’s office market landscape continues to evolve, with corporate decision-makers searching for properties that serve as a draw for top talent,” said Kyle Van Leeuwen, Director of Leasing at Onni Group. “We’ve worked to ensure renovations at 200 N LaSalle Street align with what the market currently demands, as we continue to provide our tenants with premier spaces specially designed to further their business objectives. As an ownership group, Onni pushes to be proactive in an always evolving market—we are already exploring our next building amenity addition before the latest transformation or re-amenitization has been completed.”
Stream, a national commercial real estate firm offering an integrated platform of services, has a growing core office in Chicago that leases more than 24 million square feet of office space in the region. Executive Vice Presidents Mark Gunderson and Ben Cleveland handle leasing for the 200 N LaSalle assignment. With nearly five decades of combined experience, they were recruited to Stream in 2021 along with six other seasoned brokers who have helped build a robust transaction and services business in the region.
“200 N LaSalle Street was already a great building, but now with the triple threat of well-capitalized ownership, a convenient location with proximity to the L/W/P lines, and a highly curated amenity program, we’re confident it will result in an unmatched value proposition for both new and existing tenants,” said Gunderson. “We’re excited to see the heightened interest and demand as the renovations come to completion.”
Since earlier this year, Stream has leased more than 60,000 square feet of office space at the property to companies such as Wasserman, CoxReps, The Planet Group, and Everest Transportation Systems, and has a robust pipeline of new prospective tenancy.
“In today’s market, it’s important for landlords to invest in creating unique spaces with innovative workspaces, robust amenities, and vibrant locations proving to be the perfect draw that truly entice top talent,” said Cleveland.
About Onni Group
For more than 50 years, Onni Group has been building communities for people to live, work, and play through quality construction, innovation, sustainability, and customer satisfaction. Their expertise spans Los Angeles, Chicago, Phoenix, Toronto, and Vancouver, serving as one of North America’s largest and most established real estate developers. To date, Onni Group has constructed more than 15,000 new homes, 11,200 rental apartments and built more than 18.4 million square feet of office, retail, and industrial space. They also have an additional 29 million square feet in different phases of development. To learn more, visit: https://onni.com/.
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 1,350 professionals and now completes more than $6.9 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.