MB Real Estate Expands And Extends QRM Headquarters at 181 W. Madison
CHICAGO | November 07, 2017
CHICAGO, November 7, 2017 – MB Real Estate Services Inc. (MBRE) announced today that Quantitative Risk Management, Inc. (QRM) has expanded and extended its global headquarters at 181 W. Madison in Chicago. QRM will now occupy 107,000 square feet, with the expansion of its lease by 17,700 square feet.
“The expansion and extension of QRM represents a significant commitment to 181 West Madison and reflects our dedication to providing an exceptional experience to tenants at this prestigious asset,” stated Roy Liao, CEO of HNA Property Holdings LLC. HNA acquired the property in January 2017 and is a long-term owner of marquis property assets, including the 1.8 million-square-foot 245 Park Avenue in New York.
Formed in 1987, QRM is the world’s leading enterprise risk management consulting firm providing expert analytics and risk management advice to financial institutions across the globe.
“QRM has been a valued tenant at 181 West Madison for more than 15 years,” said Mark Buth, Executive Vice President and Managing Director of MBRE’s Leasing Services. “In today’s competitive real estate market, it is especially rewarding to expand the relationship with an internationally headquartered tenant.”
Mr. Buth represented building ownership in the transaction along with Kelsey Scheive, Vice President of MBRE’s Leasing Services.
Leased and managed by MBRE since it was developed by Miglin-Beitler in 1990, 181 West Madison’s sense of community and premium amenities have successfully attracted high-profile tenants such as FactSet, Cornerstone Research, Duracell, and Revlon.
The 50-story, 952,559 square foot building was designed by internationally renowned architect Cesar Pelli and includes amenities such as a 14,000-square-foot wellness center, a conference center, a planned expanded tenant lounge, on-site executive parking, and a bike share program.
About HNA Group
HNA Group is a Fortune Global 500 company focused on tourism, logistics and financial services. Since its founding in 1993, HNA Group has evolved from a regional airline based on Hainan Island in southern China into a global company with approximately $145 billion of assets, over $90 billion in annual revenues, and an international workforce of 410,000 employees, primarily across America, Europe and Asia.
About MB Real Estate Services Inc.
Founded in 1982, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in: Asset/Facilities Management; Leasing Services; Project/Construction Management; Tenant Representation; Development Management and Investment Services. Separately, MBRE Healthcare is a national, full-service real estate company that acquires, develops, leases, and manages healthcare facilities, along with its affiliated fund manager, ROA Holdings. MBRE is headquartered in Chicago, with regional offices in New York, Atlanta, Columbus, Orlando, Dallas and Denver. For more information, visit www.mbres.com or www.mbrehealthcare.com.