Law firm Sidley Austin inked a deal as the anchor tenant for Related Midwest's 45-story trophy office building at 725 W. Randolph St. in Fulton Market, a major step forward for the first major new office tower in the city in several years.The firm plans to take "more than half" of the 1M SF high-rise and is expected to move into the building in late 2030, according to a spokesperson. Related Midwest President Curt Bailey told Crain's Chicago Business he expects the company to close a deal to secure financing for the tower and to start construction next year.
The deal marks a significant turn for the Chicago office market, which earlier this year saw its downtown construction pipeline run completely dry for the first time since 2012. The city has not seen a major trophy building break ground since Salesforce Tower in April 2020...
RSK: Good news for Chicago Metro Real Estate and good news for the office sector.
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- - Volume: 26 - WEEK: 26 Date: 6/23/2026 3:41:16 PM -