CHICAGO — Law firm Sidley Austin LLP has unveiled plans to relocate its Chicago office to 725 Randolph, a new office tower by Related Midwest in the city’s Fulton Market neighborhood. Sidley will serve as the anchor tenant of the 45-story, 1 million-square-foot property at 725 W. Randolph St. Occupancy is slated for late 2030.
Todd Lippman led the CBRE team that represented Sidley. The lease square footage was not disclosed, but several media outlets report it to around 500,000 square feet. Sidley currently leases about 544,000 square feet in the 40-story tower at 1 S. Dearborn St. in Chicago’s Loop through 2030.
Designed by Kohn Pedersen Fox, 725 Randolph will offer column-free floorplates, unobstructed views of the cityscape, a range of amenities and nearby dining options. Signature amenities will include private terraces offering an outdoor work setting, a destination restaurant and an outdoor sundeck. Related Midwest still needs to complete project financing and receive city council approval, according to local media reports.
In its announcement, Sidley says Chicago’s Fulton Market has emerged as a destination for business, innovation and talent and is one of the nation’s fastest growing mixed-use districts.
“Chicago has been central to Sidley’s history for more than 160 years, and our move to 725 Randolph reflects our continuing commitment to Chicago,” says Brian Fahrney, chair of Sidley’s executive committee.
Sidley’s Chicago office, which serves as its headquarters, has more than 1,500 attorneys and business professionals serving nearly 3,000 clients across a range of transactional, litigation, regulatory, restructuring and investigations matters.
Sidley recently relocated offices in San Francisco and Dallas as well, and has new offices planned in buildings currently under development in Washington, D.C., and Los Angeles. The firm maintains roughly 2,300 lawyers across 21 offices globally.
— Kristin Harlow