Friedman Properties, a Chicago-based real estate investment and development firm, has completed five leases at the Reid Murdoch Building in Chicago’s River North neighborhood.
Comprising 107,000 square feet, the transactions included new, expanded and renewed office, retail and restaurant leases. Smartly, an AI-powered advertising technology company, signed for 5,000 square feet of office space, while Storck USA expanded from 20,000 to 30,000 square feet.
The Motion Agency expanded from 20,000 to 25,000 square feet. The company’s headquarters have been located in the Reid Murdoch Building since 2018. Theater of the Mind recently signed a 19,000-square-foot ground-floor retail lease, and River Roast renewed its 28,000-square-foot restaurant space.
Originally constructed in 1914, the Reid Murdoch Building long served as the office, warehouse and manufacturing facilities for Reid, Murdoch & Co. Friedman Properties acquired the eight-story, 320,000-square-foot building in 1998 and executed a full redevelopment in 2002. The property is listed on the National Register of Historic Places and has been designated a Chicago Landmark.
The post Friedman Properties Completes 107K-SF in Leases in Downtown Chicago appeared first on Connect CRE.
​Â