Headquartered in Chicago’s tight River North sub-market, The Scion Group retained Bespoke to search for commercial office alternatives that would offer flexibility to accommodate the company’s rapid growth and a more professional image to improve its ability to recruit and retain top talent.
After consulting with Scion to understand their current needs as well as future goals, we performed a market and financial analysis to identify several viable geographic sub-markets throughout Chicago. We utilized our extensive network of professionals to retain an architect for space planning purposes to illustrate how the space efficiency and overall design aesthetic of a few properties would match our client’s requirements.
The optimal solution was a property on Michigan Avenue that blended together a sophisticated office space with the flexibility to grow, all at the right price. Bespoke negotiated a lease with a below-market rental rate in a tight marketplace where vacancies are 9% and an above-market concession package, which accommodated Scion’s high-end build-out.
The new office expanded our client’s footprint and maintains maximum flexibility for their anticipated growth. Addressing their need to increase employee recruiting and retention, the premium space offers top-of-the-market views along with superior building amenities. Scion is now able to host company-wide training sessions and entertain potential property investors on site.
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