ReviewTrackers Relocates and More than Doubles Office Space in Downtown Chicago
Chicago, IL | August 05, 2019
MB Real Estate (MBRE) announced today that ReviewTrackers is relocating operations to One North State Street in a move that will more than double the tech company’s footprint in downtown Chicago, bringing it to 25,147 SF. MBRE’s Assistant Vice President Craig McCaw represented ReviewTrackers in the deal. Shorenstein Properties LLC, an owner and operator of high-quality office, residential and mixed-use properties across the U.S., and current owner of the building, was represented by Sara Spicklemire and Kelsey Scheive of CBRE. ReviewTrackers was previously located in about 10,000 SF on West Ohio Street.
In addition to needing accommodation for their rapid growth, ReviewTrackers chose to relocate to provide a more convenient location and better amenities for their employees. One North State was the ideal location due to its large floorplates, proximity to public transportation, and in-building perks. Shorenstein has made significant investments in the property and added key amenities such as a large town hall, a bi-level fitness center with a climbing wall, and a rooftop deck reminiscent of a boutique hotel, making it very popular with fast-growing tech and creative firms.
“With ever increasing frequency, we are seeing wellness as a major contributing factor in real estate decisions. In ReviewTrackers’ case, employees openly requested that their new location have a gym in the building. Properties like One North State Street have unique attributes compared to typical loop offices because of their history as department stores with wide column spacing, high ceilings, and massive windows that allow for abundant natural light,” said McCaw. “It’s not surprising that such buildings have become a magnet for technology companies.”
This is the fourth lease transaction McCaw has completed with ReviewTrackers in the last five years, beginning with the sublease of their early growth space in Fulton Market.
“I am so excited about moving into a space that can accommodate our growth plans for the coming years,” said CEO Chris Campbell. “It will help us accelerate our mission to help businesses take action today and predict tomorrow.”
ReviewTrackers will move into their new space in the Fall of 2019.
About MB Real Estate Services Inc.
Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation and Investment Services. Separately, MBRE Healthcare and its independent affiliate fund manager, ROA Holdings, are a full-service real estate entity that acquires, develops, leases, and manages healthcare facilities across the United States. MBRE is headquartered in Chicago, with regional offices in New York, Atlanta, Columbus, Orlando, Dallas and Denver. For more information, visit www.mbres.com or www.mbrehealthcare.com. For company updates, follow us on Facebook, Instagram, Twitter, and LinkedIn.
ReviewTrackers empowers 65,000+ businesses to understand their customers better through advanced review and customer feedback technology. RT's business solutions allow for analyzing, amplifying, and maximizing customer feedback to accelerate customer acquisition and improve customer retention while driving more authentic connections with customers. Learn more at www.ReviewTrackers.com.
About Shorenstein Properties LLC
Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York.
Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of more than $8.0 billion, of which Shorenstein committed $723.5 million. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. Thesefunds have invested in properties totaling 64.1 million square feet in transactions with a gross investment value in excess of $15.2 billion.