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Cushman & Wakefield Hired to Lease New, 674,000 SF High-Rise in Chicago’s River North

1/27/2020
Cushman & Wakefield’s Chicago Agency Leasing Team has been hired by Friedman Properties

CHICAGO – Cushman & Wakefield’s Chicago Agency Leasing Team has been hired by Friedman Properties to market Rivere, a speculative 30-story, 674,000 square foot (sf) development to be located at 450 N. Dearborn St., in Chicago’s River North neighborhood.

Chicago Rivere CardThis contemporary creative office tower with an integrated retail experience will include 620,000 sf of office space. Building specifications will feature near column-free, 45’ – 58’ lease spans and floor plates will boast an efficient, 26,000 sf that will be the model of spatial efficiency, uniformity and programming flexibility. Emphasis will be placed on sustainability features such as highly efficient mechanical systems that will mitigate water and energy waste, a high-performance glass curtain wall, and activated rooftops that reduce the “urban heat island” while doubling as tranquil outdoor sanctuaries.

To both enhance and streamline the tenants’ daily experience, Rivere will also include an intelligent building system activated through a mobile application facilitating building, space and parking access, conference room and fitness class booking, restaurant reservations, guest registration, temperature and lighting controls and food service delivery among other benefits.

Jack McKinney, Jr., Matt Lerner and Mark Gunderson of Cushman & Wakefield will market the office tower. Friedman Properties has partnered on the project with several other award-winning firms: Goettsch Partners, Lend Lease, and DLR Group..

Jack McKinney, Jr., Cushman & Wakefield: “Over the years, Friedman Properties has significantly influenced growth throughout River North and they’re thoughtful and responsible stewards of this popular Chicago community. Their plans reflect the high standards of architecture in River North and will blend beautifully into the fabric of the neighborhood. We look forward to collaborating with Friedman to market this special property.”

Rivere will draw direct advantages from being located in River North, which is home to more than 20,000 rental apartments, 250+ shopping locations, 3,200 office tenants, 5,000 hotel rooms, 200 restaurants, and over 3,500 parking spaces. The area notably boasts a 98 Walking Score, a 100 Transit Score and an 88 Biking Score, making it an ideal location for future office tenants and their workforce.

As a unique public/private partnership with the city of Chicago, the development will thoughtfully incorporate a cutting-edge engine house for Engine Co. 42, CFD’s District 1 Headquarters.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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