Tag: Building

An affiliate of Next Realty, LLC welcomed co-working firm, Spaces, into the freshly restored office building after completing full redevelopment and repositioning at the famous 620 North LaSalle building in River North, find out more on 620nlasalle.com.

What is 620 N LaSalle? 

In Chicago’s River North district, 620 N LaSalle is a newly rebuilt 80,000 square foot structure. Full-floor availability is available, as well as flexible, move-in-ready space. The move-in process is eased and sped by permitting virtual tours, providing fully-furnished quarters, and operating through easily accessible online lease applications and bids.

What is an office space lease?

These agreements are usually for six months to a year. The tenant is unable to leave the property without violating the terms of the lease. Unless both the landlord and the tenant agree, neither the landlord nor the tenant can amend the conditions of the lease before the lease time expires.

• Cubicles
• Reception areas
• Public restrooms
• Space for offices

Factors affecting office rent

These elements include:

• Building quality: Rent is affected by a building’s age, characteristics, and included facilities.
• Location: The handier an office location is, the more expensive it is.
• Size:  A large, flexible workplace that can handle the company’s future expansion.
• Type of lease: Monthly expenditures will be affected by whether the office space lease is a full service, net lease, modified gross lease, or percentage lease.

Bringing an icon up to date

The property’s extensive gut makeover was done earlier this year by Next Realty. A spacious rooftop deck with 360-degree views of the city was among the program’s highlights.

More than 500 business people from firms of all sizes now have access to private workstations, collaborative areas, and conference rooms thanks to Spaces.

History

620 North LaSalle has a very rich history in Chicago. Sportmart, which was owned by the Hochberg family at the time, leased the space to its successor, MC Sports, in 1994. Sportmart was eventually sold to The Sports Authority by the Hochberg family. The building was purchased by a Next Realty affiliate in 2002. The Sports Authority terminated its operations and closed its locations in 2016, leaving the facility as a sporting goods retailer.

Check out more on, 620nlasalle.com. 620 N LaSalle, a workspace office leasing solutions platform that streamlines the leasing, occupancy, and payment process to expedite the leasing of move-in ready spec suites and co-working space, has full-floor availability as well as flexible, move-in ready space.