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Monthly Archives: January 2017

Bradford Allen Represents Home Chef in Office Relocation

Chicago, IL – Bradford Allen is pleased to announce that John Skalla and Craig Nadborne have completed a lease transaction on behalf of Home Chef at the Wrigley Building for the company’s new headquarters. Home Chef will be moving into 29,095 square feet from its former headquarters at 225 West Ohio.

Home Chef is a weekly meal delivery service that provides easy recipes with fresh ingredients that allow customers to prepare home-cooked meals in about 30 minutes. Recently the company has experienced significant growth and is shipping nearly 2.5 million meals per month nationwide. In September they received $40 million in Series B capital from L Catterton, the largest consumer-focused private equity firm in the world.

This rapid growth increased the company’s headcount and created the need for additional office space. The company will be occupying the 14th floor of both the North and South Wrigley Towers, which are connected by a sky bridge. The transaction is a sublease between Home Chef and Extreme Reach who were represented by John Ziesmer and Kevin Moore of Avison Young.

“Home Chef, an innovative, home grown Chicago company, was drawn to this space due to its central location in a world-class iconic Chicago landmark building. Additionally, the space was previously built out and furnished to support collaboration and creativity, which aligned well with Home Chef’s needs. This was a perfect combination of factors and it will provide Home Chef with long-term growth potential in a one of a kind office space,” according to Skalla and Nadborne.

 

4Q16 Suburban Chicago Hospital & On-Campus Medical Office Summary

Suburban Chicago’s medical office market continued to thrive through the end of 2016, but some uncertainty awaits in 2017.

Check out Bradford Allen’s latest report here.

 

Fourth Quarter 2016 Chicago Downtown Office Market Report

This quarter one of Chicago’s two new office towers opened its doors to tenants, 444 West Lake welcomed tenants taking occupancy of roughly 140,000 square feet of the 1.1 million square-foot building. Vacancy ended the year at 11.0 percent.

 

To read the full report click here.

 

Year-End 2016 Chicago Suburban Office Market Report

Year-to-date net absorption dropped to negative 1.9 million square feet causing vacancy to climb to 19.2 percent. These weakening statistics were aided by the Zurich headquarters moving to its new headquarters as well as companies like Jim Beam and ConAgra moving from the suburbs downtown.

 

To read the full report click here.