June 12, 2019
Opex Analytics has signed a long-term, 18,000-square-foot lease at 350 N. Orleans St. to relocate from Evanston, IL. NKF’s Matthew Frazee led a brokerage team representing the AI consulting firm in a search for new headquarters space.
The tenant is relocating from 4,000 square feet at 500 Davis St. in Evanston. “The escalating costs and tight office market in Evanston made expanding there difficult and expensive,” said Frazee.
Conversely, he continued, “The relocation to 350 N. Orleans ensured Opex Analytics the ability to have all of its employees under one roof, which was important for the firm’s culture. In addition, 350 N. Orleans offered a move-in ready spec suite with flexible lease terms, and is a perfect fit for dynamic and growing companies like Opex Analytics, with its premiere location.”
The new offices will feature collaborative workspace and an open floor plan, along with scenic views of the Chicago River.
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