PSW Group

300 S. Wacker, STE 1100
Chicago, IL 60606

PSW Group, a leading recycler and producer of magnesium and aluminum, turned to Bradford Allen on back-to-back leases after recognizing the need to rethink their office strategy when the company doubled in size. Bradford Allen’s Nathan Meisner assisted in moving the firm from the world of co-working to an office space all their own—and when they continued to grow, Nathan was ready to facilitate. An extension and expansion lease was signed, and PSW successfully secured better terms and more space on another floor of the building they occupied.

Round One: Challenges

  • When PSW Group set up its headquarters in Chicago, the initial core team of four started out in a co-working space in downtown Chicago. The shared environment meant necessary collaboration space was not always available when needed, and the setting was less than optimal.
  • The company was beginning to expand, and without a permanent space, it would be difficult to sustain that growth.
  • The time had also come to find a space that reflected the emerging brand and company culture—a place they would be proud to host clients and colleagues.
  • As this was the firm’s first traditional lease in Chicago, PSW Group required the services of an experienced broker to help navigate the complexities of lease negotiations.

Round One: Solutions

  • Bradford Allen conducted an extensive market survey of available product, eventually identifying 300 S. Wacker as a centrally located opportunity that aligned well with the firm’s operational and financial goals.
  • PSW executed a five-year lease at the property and moved from the co-working model into their first traditional office lease in Chicago.

Round Two: Challenges

  • One year after moving, BA performed a routine courtesy call and learned that while the client loved the new office, they were experiencing unanticipated growth. It was immediately clear they would need to capture additional space to accommodate the rapid expansion.
  • Because 300 S. Wacker had proved to be such a great fit, the client wanted to remain in the building, limiting the move to current availabilities.
  • With only a year of the current lease complete, terms would need to be restructured with the landlord.

Round Two: Solutions

  • Bradford Allen immediately reached out to ownership to begin exploring possibilities at the property, again serving as a liaison and advocate through renewed negotiations.
  • Additional concessions and revised lease terms were secured for more space on a different floor.

Proven Results

  • From shared conference rooms with limited availability to several dedicated spaces, team collaboration is seamless and accessible.
  • Steps from Union Station and CTA transit lines, the office is in an equally ideal location for city living and suburban commutes.
  • The client was able to remain in the building Bradford Allen originally identified as the perfect fit, working with management to leverage better terms for an expanded footprint.
  • By negotiating new concessions and allowances, PSW Group can explore unique amenity options for their new space to further engage staff, recruit talent, and support a thriving culture.

“Bradford Allen guided us through every step of the process and helped us secure an office that we’re truly proud to call our own. They have been committed throughout and truly had our best interests in mind. They made the whole process from searching, negotiating to securing the deal smooth and stress-free. Now, we have an office that fully supports our mission, reflects our culture, and prepares us for our growth ahead.”

– Cherry Lee
Executive Assistant, PSW Group

Transform your own office space

As expert tenant representatives, we focus our strategy on the business objectives of our clients. Each service we provide is measured by how well it achieves or enhances client goals. Bradford Allen clients gain the knowledge necessary to quantify their real estate requirements, determine the positives and negatives of available options, and analyze the financial implications involved. To achieve similarly impactful results for your business, consider contacting our experienced brokers today.

ASSOCIATE DIRECTOR
NATHAN J. MEISNER
nmeisner@bradfordallen.com
(312) 994 2357
Chicago, IL