Capital of North Wells and Urban innovations announced that Workbox coworking company, a collaborative coworking center and start-up accelerator, signed a long-term lease on a 15,295 square foot full floor at 306 W. Erie in Chicago. The building has now reached substantial completion of its expansion and redevelopment, and is ready for full occupancy.
Workbox is expected to occupy the space in mid-2021. The announcement of the Workbox lease is coupled with the start of construction of the ground floor Fairground coffee and tea, which has an opening slated for mid-2021 and will be the brand’s sixth location in the Chicagoland region, and the ninth location nationwide.
“Workbox’s unique business model is the perfect way to launch office rental at 306 West Erie as it embodies the innovation and collaboration we hope to foster within the Verso collection, and allows us to respond more appropriately. to the constantly evolving needs of our tenants. Said Tony Lindsay, director of North Wells Capital. “We look forward to welcoming a dynamic mix of new tenants to an exceptionally built, safe and modern space built for a better future. We are convinced that the neighborhood and the environment of the building will inspire and facilitate their return to work.
Beyond office space, Workbox offers direct access to a range of investors and lenders, strategic advice endorsed by experienced mentors and professional specialists, and an unrivaled community of growing companies. . Fairgrounds Coffee & Tea will occupy the corner retail space at 306 W Erie, providing incredible convenience to the neighborhood, building occupants and Verso as a whole.
306 West Erie is part of Verso, a collection of three buildings designed as a community center in Chicago’s River North submarket. Originally purchased by North Wells in 2017, the company completed the renovation and expansion of the property which nearly doubled the size of the building, replaced all building systems, including dedicated, tenant-controllable HVAC with ventilation. advanced, and additional amenities such as a sixth-tenants’ lounge and upstairs play area, a landscaped outdoor terrace equipped with a fireplace and a decorative pedestrian communicating staircase allowing easy access to and between all the rooms. floors. Other buildings offered by Verso are located near 311 W. Huron and 320 W. Huron. JLL is the rental agent for 306 West Erie and the entire Verso portfolio. Mellissa Rubenstein represented North Wells Capital in the Workbox lease.