Plug & Play Tech Sublease Available in West Loop

December 26, 2018

Patrick Brady

Market Expert

Assistant Director, Savills Studley

Illinois Licensed Real Estate Broker

Call 312-595-2987

12,336 SF Available at 1033 W Van Buren — Rent Negotiable

The West Loop has gained a reputation for providing the very best Chicago has to offer in terms of tech / office real estate. It combines very different assets: historic brick-and-timber lofts originally constructed before WWI, and the most modern, amenity-filled spaces. This old-school charm has become a key part of the Chicago aesthetic and has attracted the biggest names in tech (hey Google) in recent years. The plug & play space at 1033 W Van Buren is a prime example of the neighborhood’s growth. In 2015, The Nerdery made waves when it transformed the top two floors of the building into a geek paradise, featuring video games and superhero-themed board rooms in a building that sold in 2018 for double what it went for 4 years before. For companies looking to join the innovation boom, up to 12,336 SF has just come available in the same building.

 

The Space

Located on the third floor, this space offers the ease and convenience of a downtown office with tech proximity and negotiable rent. The plug-and-play property is ready to go and available immediately for move in, and the current furniture and fixtures (seen below) can be made available to the new tenant. The space features timber ceilings and exposed brick, along with ample natural light and a clean design. The highly efficient open plan includes a kitchen and break area, along with two large conference rooms or classrooms. In the current setup, the office features various types of work space, from pods to small meeting rooms to workstations, providing maximum efficiency along with an unparalleled level of workplace flexibility.

 

The Building

This seven-story building sits on W Van Buren Street with its south side facing the Eisenhower Expressway and proudly displaying the Nerdery logo. Built in 1912, the 84,000 SF building is a classic example of the West Loop warehouse style that’s dominated the market in recent years. 2014 renovations improved the building’s infrastructure and updated the lobby and elevators, along with adding onsite parking. Just one block from the Blue Line and a ten-minute train ride from the Loop, the location is just as convenient as downtown without the overwhelming rush hour. And with office buildings and residential towers springing up all around it, there’s no shortage of development proximity.

Check out the brochure here!

 

The Location

The property is perfectly located near Greektown and the Near West Side,  with immediate proximity to the UIC campus. The famed dining options in the area, known as Restaurant Row, include everything from Fontano Subs and Mario’s Italian Lemonade to Au Cheval, Girl & The Goat, and Sushi Dokku. And it’s not just the restaurants that are cutting-edge — the West Loop is home to the highest concentration of millennials in the US, which tech companies are banking on as they flock to the area. It’s Chicago’s tech and culture hotspot, and promises to get every hotter in the years to come.

 

Details

This plug-and-play sublease has a term through August 2026. The rate is negotiable — a rarity for this neighborhood — and the 12,336 SF can be purchased as one or subdivided as necessary. Shoot us an email if you’re interested in this property, but don’t wait too long, as properties in this area are going fast!

 

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