CBRE Arranges Initial Lease at Newly Renovated Canal Station

CBRE has arranged a new 15,473 square foot lease on behalf of their client, R.M. Chin & Associates, who represents clients in the aviation, buildings, and transportation environments with program management, project management, construction management, as well as design and public involvement services. The lease is the first within the newly renovated Canal Station building at 801 S. Canal Street.

CBRE’s Bill Sheehy and Brady Wolfe represented the tenant, R.M. Chin & Associates in the transaction. Telos’ Jeff Dowdell and Matt Whipple represented 601W.

Purchased in 2019 by 601W, the dramatic transformation of the former Northern Trust building began in 2021. The 6-story, 680,000 square foot redevelopment’s highlights include new windows, doubling the size of the property’s original windows, a new hospitality focused amenity center which includes a state of the art fitness center, an extensive tenant lounge that is a true extension of the tenants’ space, an 8,000 square foot terrace with incredible views of the city and a completely renovated streetscape, and a grand entrance and lobby with a four-story media wall. The general contractor on the project was Gardner Builders and the architectural redesign was overseen by Solomon Cordwell Buenz.

“We’re excited to move CHIN headquarters to Canal Station, a place that aligns with our growing company’s needs and sophistication,” said Eileen Chin, President of R.M. Chin & Associates. “The new space will promote collaboration and innovation while being close to Chicago’s central business district.”

“The incredible amenities and access to abundant parking were key drivers in selecting Canal Station,” said Sheehy. “This move is reflective of the flight to quality and experience we are seeing from tenants in the market.”

“Canal Station is a stunning transformation of single tenant designed asset to a new Class A multi-tenant office building with the next level of hospitality and wellness focused amenities,” said Matt Whipple, a Senior Vice President at Telos. “The building provides tenants with multiple options for outdoor spaces that will create a unique sense of place and a location their employees will be excited to come to work. Additionally, Canal Station’s super-efficient, high ceiling, raised floor plates with robust infrastructure gives our tenants the ability to pay on less square footage with flexible and airy spaces.”

According to a recent CBRE report, Class A office space in the West Loop has the lowest vacancy rate of any Chicago submarket at 13.2%.