Data and Analytics Firm Expands into Downtown Chicago

Mikan Associates Chooses Iconic CBOT Building

CHICAGO, Oct. 28, 2014 /PRNewswire-iReach/ -- In order to accommodate its fast growth and the rising demand for quality Data & Analytics , Mikan Associates ("Mikan"), has secured a long term lease at the CBOT Building, located at 141 West Jackson Boulevard for their new downtown office.

This new Mikan office, situated on the 15th floor of the original art deco CBOT Building, can accommodate up to 30 Mikan team members with adjacent room to accommodate Mikan's planned near term growth.  The space will be one of Glenstar Properties brand new speculative suite buildouts that offers a very open concrete loft feel with lots of natural light; essential for Mikan's working environment. 

The CBOT Building, an iconic, landmark building, which possesses one of the most superior infrastructure packages of any office buildings downtown Chicago, was recently purchased by Chicago based real estate developer, Glenstar Properties, and USAA Real Estate Company.  This facility which was originally built to house futures and commodities related businesses, has recently undergone a $32 million overhaul and subsequently been attracting a variety of new tenants from different industries including public relations firms, marketing companies, technology companies, hedge funds, and creative groups.  The new owners many upgrades to the property include a brand new tenant lobby, full service fitness center, state of the art conferencing facility and creative loft type of office spaces.  The new office design here offers a sleek, open ceiling, concrete loft like design; exactly what Mikan wanted for their Downtown working environment. 

Mikan was represented in the transaction by Chicago based tenant advisory firm, The J. Rich Company, LLC ("JRICH") while Glenstar Properties LLC represented themselves in the transaction.

"Our goal was to identify a location to help attract the best Data & Analytics talent, and provide localized Consulting Services to our Clients in the Greater Chicago area, from a building that had a creative and new generation technology vibe, and first class amenities.  The CBOT Building provided all of this along with great economics and top of the line infrastructure." – Anne Maghas, Co-Founder of Mikan

Rich Schulz, the co-founder and President of JRICH, stated "Glenstar has done a great job at leveraging this property's advanced technological infrastructure and improving the right common areas and amenities to get the attention of all sorts of tenants.  Historically, it was normally only our high speed electronic trading or open outcry trading clients that would entertain looking at space here. Now we are seeing a multitude of our office user clients from law and PR firms to tech and creative groups interested in this facility."

Michael Odongo, Co-Founder of Mikan, added "We are extremely pleased with the economics and deal structure The J. Rich Company was able to put together here.  We see this space and lease as an asset that we will be able to leverage going forward."

Mikan Associates ("Mikan")

Mikan Associates is an Information Technology Consulting firm with 100% focus on Data and Analytics. We pride ourselves in providing Data & Analytics solutions that solve real business problems and link to clear business objectives.

We believe that when a consultant embodies suitable, proven experience and honest work, the client invariably reaps smart, fluid and real, optimized Data & Analytics solutions. We work very hard to make sure that our clients are fully educated on the immediate and potential long-range value of the solutions.

Consulting and Professional Services pillar are:

1.      Data & Analytics Strategy

2.      Data Management & Governance

3.      Big Data

4.      Analytics Delivery – Descriptive, Diagnostic and Predictive - driven by SAP BI, Tableau, Qlik

5.      Data & Analytics Training

6.      Data & Analytics Managed Support

J. Rich Company, LLC ("JRICH")

The J. Rich Company, LLC is a commercial real estate advisory firm founded by two brothers in Chicago, IL.  JRICH strictly specializes in representing the interests of tenants.  JRICH works with clients on a brokerage and consulting basis.  JRICH works with single office users on up to Fortune 100 Global Headquarter relocations and is currently active in most major markets across the Country.  JRICH's network allows it to operate globally.  Its client list includes Archer Daniels Midland, IMG Worldwide, Red Frog Events, Benefit Express, Brookfield Investment Group, MidCap Financial Group, Henson Consulting, Applegate Thorne-Thomsen, Interfaith Youth Core, Interfaith Housing Development, Historic Chicago Bungalow Association, and Fusion92.

NEWS RELEASE - DRAFT FOR MORE INFORMATION, CONTACT:

October 28, 2014 Jason or Richard Schulz

CEO and President

(312) 876-1000

info@jrichrealestate.com

Media Contact: Rich Schulz, The J. Rich Company, LLC, 312-876-1000, rich@jrichrealestate.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE The J. Rich Company, LLC



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