203 North Lasalle Street Completes $15 Million Renovation
Chicago, Illinois (October 3, 2016) – M & J Wilkow, Ltd. announced today that the real estate firm has completed a $15 million renovation of 203 North LaSalle Street, a Class A office building located one block from River North.
Main entrance Lobby.The LEED® Platinum building has been enhanced to create a new arrival experience for its visitors and tenants. Upon entry, the lobby has been renovated to reflect a modern aesthetic, increasing natural light and relocating the reception desk in order to open the space. This modernization is carried throughout the first floor concourse level, where escalators have been removed in order to create an open walkway and increase visibility for the retail tenants that inhabit the concourse.
“The full renovation of this large floor plate building is exactly what the market has been demanding – it’s bright, modern and rich with amenities. This renovation partnered with the full service ‘L’ stop make 203 an exciting option for companies that desire the River North experience in the loop” said Jack O’Brien, EVP with the Telos Group, the building’s leasing agent.
In order to provide top amenities for the building’s tenants, a technology lounge and conference center has been added to the second floor. The technology lounge is wi-fi enabled, and complete with large screen televisions and audio visual equipment to facilitate conferencing. In contrast, those looking to take a break from work can visit the new second floor tenant lounge. Elegant soft seating and a fireplace fill this unique space, which overlooks the concourse.
Teaming up with LifeStart Wellness Network, leaders in corporate fitness, 203 North LaSalle has added a state of the art fitness center on the second floor that features a cardio and weights studio, as well as a group exercise studio with an extensive schedule of the latest classes. Now open, the fitness center offers executive level amenities including personal training, towel and laundry service, and enhanced locker rooms. Use of the fitness center is complimentary for 203 North LaSalle tenants after a $50 initiation fee, with additional a la carte service options and classes available.
“The extensive renovation and addition of amenities has truly transformed 203 North LaSalle,” said Sallie Fulwiler, RPA, General Manager for 203 N. LaSalle. “We recognize the importance of a work environment that employees find both comfortable and rewarding, and have identified and added the amenities that employees want at work, including dynamic conferencing capabilities, seating areas for casual meetings, and on-site fitness.”
About 203 N. LaSalle
203 N. LaSalle Street is located in the heart of Chicago’s central business district, just steps away from the principal financial, legal and governmental centers of the City. Designed by the renowned architectural firm of Skidmore, Owings & Merrill, the award winning design reflects the prestige of LaSalle Street, covering one-half of a city block between Clark and LaSalle. Also known as “The Loop Transportation Center,” the building’s premier location serves the diverse needs of its tenants with a 1,200 space parking garage and links to CTA subways, elevated trains with direct access to O’Hare International Airport, underground pedestrian walkways and a skybridge system covering a 16-block area of Downtown Chicago. 203 N. LaSalle achieved LEED® Platinum status in 2016. The property is owned by Sumitomo Corporation of Americas, managed by M & J Wilkow Properties, Ltd. and leased by The Telos Group, LLC.
About M & J Wilkow, Ltd.
M & J Wilkow is a leading commercial real estate owner and operator dedicated to creating value for its investors. The Company’s approach to real estate emerged distinctively from an owner's perspective and has evolved over seventy seven years in the real estate business. M & J Wilkow’s portfolio consists of 26 properties, which includes 10 office buildings and 16 retail properties consisting of approximately 7.4 million square feet. The aggregate market value of the portfolio is estimated to be in excess of $1.5 billion. For more information, visit www.wilkow.com.