Savills Studley Executes Lease Extension and Expansion for Redfin in Chicago

26 October 2016

Savills Studley, the leading commercial real estate firm specializing in tenant representation, is pleased to announce the completion of a 25,985-square-foot lease extension and expansion for Redfin at 8725 West Higgins Road, Chicago. With this transaction, the tech-facing residential brokerage will more than double its space within O’Hare Plaza.

“This location’s proximity to O’Hare and surrounding suburbs meets Redfin’s specific business and recruitment objectives,” said Savills Studley Managing Director Christopher Tarzon, who represented the tenant in this transaction. “The favorable concessions and long-term lease structure offered to Redfin in this transaction gives the company ideal options for strategic growth.”

Founded by softwares engineers and offering an extensive digital platform, Redfin helps people buy and sell homes in markets all across the United States. Headquartered in Seattle, the O’Hare Plaza office serves as the company’s Chicago support HUB.

Located just off I-90, the O’Hare Plaza offers tenants extensive amenities, including underground and covered parking; exercise center; in-building café’ and restaurant; close proximity to hotels and CTA service.

The O’Hare Plaza is owned by Fulcrum Asset Advisors. Dan Fernitz and Rick Benoy of JLL represented the landlord in this transaction.

 
 

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