Citadel Center signs Convene to 50K sf lease

The 37-story tower owned by Angelo Gordon, Hines, Dearborn Capital is getting $100M facelift

Jun.June 25, 2018 05:00 PM

Convene co-founders Chris Kelly, Ryan Simonetti and the Citadel Center

Angelo Gordon & Co., Hines and Dearborn Capital have inked Convene to a 50,000-square-foot lease in the Citadel Center.

The New York-based company that manages common spaces in office buildings signed the 15-year deal for part of the first floor along Adams street and part of the second floor of the 37-story tower at 131 South Dearborn Street, according to the Chicago Tribune.

The building owners are in the middle of a $100 million renovation of the 15-year-old tower that will include a rooftop deck, fitness center, lounge and 180-seat conference center.

Convene rents out space for companies to hold corporate meetings and events, and it also provides catering, grab-and-go meals and snacks and other amenities in office buildings. Last month, it acquired Boston-based startup Beco, which produces small, solar-powered devices that track the movement of people in buildings.

Convene also is leasing a 55,000-square-foot space not far away in Blackstone Group’s Willis Tower at 233 South Wacker Drive. It plans to open in the Citadel Center early next year and in Willis Tower in 2020.

Convene was represented in the lease by brokers Craig Coupe and Matt Carolan of JLL. The building owners were represented by Danny Jacobson, Meredith Oliver and Luke Molloy of CBRE. [Chicago Tribune] — John O’Brien

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