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Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for a new, corporate office campus development to be located at 1260 West Madison Street in Chicago. NGKF was hired by ownership, JRG Capital Partners, LLC to market and pre-lease the campus.
Set for completion as early as November 2018, 1260 West Madison is an extraordinary 75,000-square-foot land parcel that will allow highly desirable large floor plates and high ceilings to maximize natural light in a customized corporate campus. The developers envision a two-building campus that will offer roof top terraces as well as bicycle storage rooms. NGKF’s Senior Managing Director Matt Ward and Senior Associate Melissa Porcelli will lead the brokerage team assigned to lease the new development.
“There are very few options available right now for companies seeking large floor plates near Fulton Market,” said Ward. “1260 West Madison is the ideal size and location to satisfy current demand in this submarket. Furthermore, being located just outside of Fulton Market District enables maximum architectural flexibility and the ability to integrate unique spaces for corporations like lab space, showrooms, data centers or high-tech assembly, for example. The possibilities are endless.”
1260 West Madison encompasses a full square block in the heart of Chicago’s West Loop, just blocks away from McDonald’s new headquarters and Google. Tenants will benefit from the proximity to downtown Chicago as well as easily accessible expressways.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.