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222 South Riverside Plaza A JLL Project Profile

Just six months after acquiring the 1970s-style Class B property at 222 South Riverside in 2014, ownership kicked off a transformational renovation with the close involvement of JLL’s agency leasing, project management and property management teams. The project has already experienced tremendous success and is poised to add value to ownership’s investment long after its 2017 completion.

In a strategic re-use of formerly obsolete space, the team chose the back of the lobby for the new tenant lounge, as the former ground-level retail was not a desirable location for a tenant. The multi-disciplinary JLL team played an integral role in shaping plans and facilitating efficient, clear communication around the specs and schedule of construction.

222’s tenant lounge includes a full-time concierge, game room, fireplace, giant-screen TVs, a bar and a state-of-the-art golf simulator in a sound-attenuated room.

Building upgrades include a painted exterior and new signage, as well as upgraded elevators with destination dispatch systems. All multi-tenant floors have improved common corridors and restrooms, and the refreshed lobby features new turnstiles and a security desk. The park-like outdoor plaza was completed concurrently with the City’s work on Adams Street, a calculated move to minimize construction time. The pièce de résistance: a 5,000-square-foot tenant lounge.

222’s redevelopment elevates building common areas to Class A, helping it stand out in the West Loop and better capitalize on its location above Union Station and one block from Ogilvie Transportation Center. The project also complements the City’s updates to Adams and Canal streets to create a more commuter-friendly area.

Positive reception both inside the building and within the brokerage community can be attributed to the team’s creative repositioning campaign, which included renderings, marketing deliverables, events and roadshows. The primary impact has been seen in rental rates and renewals, as new and existing tenants recognize ownership and JLL’s commitment to enhancing and adding value to 222 South Riverside.

Since work began, JLL has renewed long-time tenants: Fifth Third Bank (Early Renewal), Trading Technologies (Early Renewal), IBM

Nikki Kern | Managing Director | Downtown Agency Leasing | +1 312 228 2675

Kim Doyle | Vice President | Downtown Agency Leasing | +1 312 228 3157

Dean Cichon | Senior Vice President and GM | Property Management | +1 312 258 2074

Mike Parlato | Senior Vice President | Project and Development Services | +1 312 228 2487

©2018 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

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