Boston Consulting Group’s more than 250,000-square-foot lease in the Fulton Market district last year continued a run of big office deals in Chicago’s former meatpacking district.
When the anchor tenant moves in, the deal also will bring a new twist to the fast-growing area. The lease at 360 N. Green St. was the first major office lease by a professional services firm in Fulton Market.
That earned developer Sterling Bay’s project a CoStar Impact Award, as judged by real estate professionals familiar with the market.
Boston Consulting Group’s plans to move more than 1,000 employees from an office tower at 300 N. LaSalle St. along the Chicago River will continue a diversification of tenants in the once-gritty neighborhood that already includes the global headquarters of food-industry giants McDonald’s and Mondelez International, and the Midwest headquarters of tech giant Google.
About the project: In the 15-year lease that begins in January 2025, BCG is taking more than half the space in the approximately 500,000-square-foot building. The 24-story tower was designed by Gensler.
What the judges said: “BCG is the most impactful because it reinforces the trend of major employers moving to up-and-coming areas,” wrote Eric Turrin, managing partner at North Park Ventures.
They made it happen: The developer was represented by Sterling Bay brokers Russ Cora and Jessica Brown. Boston Consulting Group was represented by CBRE brokers Lisa Konieczka, Nancy Pacher and Meredith Bell Frese.
