CHICAGO – January 15, 2025 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, has been awarded the leasing assignment for 448 N. LaSalle Drive, a newly constructed boutique office property located in the heart of Chicago’s River North submarket. The building is owned by National Real Estate Advisors, LLC, an investment manager developing, operating, and managing commercial real estate projects across the United States.
This premier 12-story building totals 174,599 square feet and features a virtually column-free, 15,000-square-foot floorplate with floor-to-ceiling glass providing abundant natural light and unencumbered views. While delivering exceptional office space tailored to meet the needs of modern businesses, the property also boasts touchless elevators and a range of top-tier amenities, including an outdoor landscaped rooftop terrace with a dog run, a thoughtfully designed tenant lounge with conferencing capabilities, a fitness club, and secure on-site bike storage. The building is Fitwel certified, underscoring its commitment to occupant health and wellness.
In spring 2025, the building will welcome Electric Shuffle, a lively restaurant and bar offering delicious food, craft cocktails, and high-tech shuffleboard games. The new amenity will enhance the building tenant experience and the vibrancy of River North, much like it has at its other locations in New York, Austin, Dallas, London, Leeds, and Manchester.
448 N. LaSalle Drive offers a tremendous opportunity for tenants seeking immediate occupancy of 5,000 to 15,000 rentable square feet (RSF). The building will deliver two floors of furnished spec suites this spring. The 7th floor will consist of two move-in ready furnished spec suites ranging in size from 5,000 to 10,000 RSF. A movable demising wall will allow tenants to customize their size needs seamlessly. In addition, a 15,000 RSF furnished spec suite with high-end finishes will be delivered on the 4th floor. At 15,000 RSF, the 4th floor occupant will benefit from the exclusivity of being a full-floor tenant.
Located in a vibrant, 24/7 mixed-use neighborhood, 448 N. LaSalle Drive is surrounded by hotels, numerous restaurants, and entertainment venues. The property boasts phenomenal access to the expressways and numerous public transportation options within a four-block radius, including the CTA “L” Merchandise Mart Brown Line and Grand Red Line stations, multiple CTA bus stop routes, the Kennedy Expressway (Interstate 90 and Interstate 94) and the Eisenhower Expressway (Interstate 290), as well as abundant parking options.
“This is an extraordinary opportunity for businesses to establish themselves in one of Chicago’s most dynamic submarkets,” said Mark Gunderson, Executive Vice President at Stream. “448 N. LaSalle offers tenants the perfect combination of modern office features, unmatched amenities, and an ideal location that supports productivity and collaboration.”
Stream Vice President Erica Marshall, Executive Managing Director & Partner Patrick Russo, and Gunderson handle leasing for the property. Midwest Property Group Ltd, represented by Charlie Javors, oversees property management for the building. Midwest Property Group is a property development and management firm specializing in commercial properties in the Midwest and West with headquarters in Chicago.
National Real Estate Advisors, LLC, represented by Jeff Kanne, Kevin Verdi, and Robert Kelly, is the building owner based out of Washington, D.C. Established in 2010, National Real Estate Advisors has a gross asset value of $8.2 billion and an operating portfolio totaling 16 million square feet, consisting of multifamily, data centers, office, healthcare, and medical buildings.
For more information, contact Stream Chicago at 312.900.0338.
About National Real Estate Advisors
National Real Estate Advisors, LLC (“National”) is an investment manager developing, operating, and managing commercial real estate projects across the United States.
National’s mission is to create lasting value through projects that produce solid, long-term returns for our clients while improving the communities in which we invest and develop. Since 2000, National’s investment team has been constructing investment portfolios of diverse property assets — primarily multifamily, data centers, office, healthcare, and medical buildings. National manages separate accounts and multiple commingled investment vehicles. National seeks to create value for investors by adhering to a rigorous investment process and development principles guided by profits, integrity, community, and collaboration.
National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,400 professionals and now completes annual transactions valued at more than $8.8 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.
