DLA Piper has signed a lease to relocate its Chicago law office to River Point at 444 W. Lake Street in Chicago’s West Loop area. The firm has leased approximately 175,000 square feet of office space on levels 9-16 in River Point and will move to their new space in early 2017. Another law firm, McDermott Will & Emery, signed on to lease around 225,000-square feet soon after the project broke ground in early 2013.
Designed by Pickard Chilton, River Point is the largest real estate project to be launched in the past five years in Chicago. The 52-story, 1.05 million square foot high-rise will offer first-class amenities, including a 1.5-acre public park and landscaped river walk, retail shops, a fitness center and views of the Chicago River. The building has been designed to achieve LEED Gold certification from the USGBC.
“We are excited to move into this state-of-the-art building in a great location on the Chicago River. Our new offices will reflect the firm’s global brand and provide a highly efficient, modern environment in which to serve our clients,” said David Mendelsohn, managing partner of DLA Piper’s Chicago office.
“While we are developing a modern world-class office project, it is the tenants that truly make the building great. Adding one of the largest law firms in the world to our tenant mix is further evidence of how River Point will be viewed in Chicago,” remarked Greg Van Schaack, Hines senior managing director overseeing the River Point project.
“We congratulate DLA Piper on choosing River Point, which promises to be a real game-changer in Chicago’s West Loop,” declared Arthur Lloyd, Executive Vice-President, Global Investments at Ivanhoé Cambridge, one of the project’s development partners. “Offering ultra-modern facilities and a fantastic location, its leasing success is now setting the trend in top-quality office space in Chicago.”
DLA Piper was represented in the transaction by Jones Lang LaSalle (Steve Stratton, Bill Rogers, Rob Copito and Phil Leibow) and Cushman & Wakefield (Mark Robbins). Building ownership was represented by Hines (Greg Van Schaack, Tom D’Arcy, Jim Walsh and Laura Hines).