search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
Popular
Chicago

Mirae Asset Global inks Crowe to 51K sf lease at 225 West Wacker

The 13K-sf expansion spreads the accounting firm across two floors of the Korean firm’s tower

CEO James Powers (Credit: H. Michael Miley via Flickr)
CEO James Powers (Credit: H. Michael Miley via Flickr)

Korea-based Mirae Asset Global Investments signed Crowe to a lease extension that will see the accounting firm expand its footprint by more than a third at 225 West Wacker Drive.

Crowe is tacking on 13,000 square feet to its downtown headquarters for a 51,000 square-foot lease over two floors, according to Cushman & Wakefield.

The commercial real estate brokerage, which is set to go public, bases its own Chicago operations out of the 31-story tower, having signed a 12-year lease for about 80,000 square feet there in 2016, according to Crain’s.

Sign Up for the undefined Newsletter

Scott Goldman and Josh Feldman of Cushman & Wakefield represented Crowe in the deal.

Mirae put the 651,000-square-foot building on the market last year, four years after acquiring it for $218 million from a subsidiary of JPMorgan Chase.

It stands directly across the river from the ongoing three-tower Wolf Point development and the 24-story River North Point, which the Blackstone Group recently refinanced for $310 million.