The Real Deal 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
By Alex Nitkin | July 10, 2018 01:00PM

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.

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.