Savills Studley Kicks Off Leasing at New Fulton Market Development

Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced that it has completed a 24,000-square-foot lease on behalf of Leopardo at 210 N. Carpenter in Chicago’s Fulton Market District. The transaction marks the first tenant agreement at the upcoming 12-story, 200,000-square-foot building, which is being developed by real estate investment and development company Sterling Bay.

Leopardo not only will be the first tenant, but is constructing the building and broke ground in August 2017. “Representing Leopardo was uniquely important and very interesting in this scenario. With Leopardo being both the builder and the tenant, we assisted with careful considerations that had to be made to ensure all parties’ interests were achieved, especially from our client’s dual perspective,” said Savills Studley Corporate Managing Director Renae Bradshaw, who represented Leopardo along with Senior Vice President Eric Feinberg and Executive Vice President Robert Sevim.

“The Fulton Market submarket continues to mature and attract tenants from a wide range of industries,” added Bradshaw. “Leopardo’s move further demonstrates that long-standing, forward-thinking companies are embracing this market for its dynamic atmosphere, amenities and location.”

210 N. Carpenter will be completed in the fall of 2018, at which point Leopardo will relocate employees from 333 W. Wacker Drive to the new Fulton Market building. This move will expand the firm’s Downtown Chicago office footprint by 80 percent. 210 North Carpenter was designed by Solomon Cordwell Buenz and will be in close proximity to the Morgan and Lake ‘L’ station. The building will offer tenants a comprehensive amenity package, including a rooftop lap pool, tenant lounge and gaming area, full-service fitness center and locker rooms, a programmed yoga room, conference facilities and on-site parking for over 40 cars.

210 North Carpenter is one of several recent developments by Sterling Bay in Fulton Market. These include Fulton West, a 290,000-square-foot office building set to open in September 2017; and McDonald’s global headquarters on Randolph Street, which will be completed in 2018. The firm also developed 1K Fulton, home to Google’s Chicago headquarters, which opened in 2015.