Chicago Growing, February 2010


Chicago arguably remains the geographic center of global derivatives trading – in terms of markets, scale and talent – and this month’s Chicago Keeps Growing shows that the trading sector is continuing to thrive, with examples including Ronin Capital LLC, Peak6 and Nico Holdings LLC expanding operations. The city has committed to helping this sector grow, addressing ways to review building codes to keep up with technology and assure that Chicago is the city of choice for this growing segment. Here are many more companies that have grown in Chicago in the last few months.

4over Inc., a California-based trade printer, announced the opening of a new Chicago branch.

Acacia Financial Group Inc., a New Jersey-based financial advisory firm, has opened a Chicago office in seeking to cement its foothold in the Midwest.

Accretive Health Inc., which provides technology and services designed to help hospitals manage revenue, is doubling the size of its headquarters at 401 N. Michigan Ave.

The Adler School of Professional Psychology is moving to the vintage office building at 1 N. Dearborn St., a deal that doubles the school’s current space.

Baker Hostetler, a Cleveland-based global law firm, has opened a Chicago office specializing in commercial litigation and corporate work at 191 N. Wacker Drive.

Barnes & Thornburg LLP, a law firm, has leased 83,000 square feet at 1 N. Wacker Dr. to expand its presence in Chicago.

Beacon Power, a Massachusetts maker of flywheel energy storage systems, has been awarded $24 million in stimulus funding to build a flywheel plant in Chicago.

Ceteris Group, an economic consulting firm, is more than doubling its office space in a planned move to 55 W. Monroe St.

Cintas Corporation, a Cincinnati-based specialized business services company, announced the opening of its newest document storage and imaging facility in Chicago.

Combined Insurance Co. of America plans to move about 500 employees from a longtime location on the North Side to 111 E. Wacker Drive, where it has signed a long-term lease for nearly 100,000 square feet.

CompUSA Inc.,  a New York-based computer and electronics seller, plans to open its biggest U.S. store this quarter in a former Circuit City on the Northwest Side.

Clark Hill PLC, a Detroit-based law firm has signed a new 11-year lease for two full floors at 150 N. Michigan Ave., doubling the size of the Chicago office the firm opened just two years ago.

Donan Engineering Co. Inc., a Louisville-based forensic engineering and fire investigation firm, plans to open an office in Chicago to serve the northern portion of Illinois.

DoWin Enterprises, a general merchandise import/wholesaler of kitchen and houseware products, has completed a 48,500-square-foot lease at the Exchange Industrial Center located in Chicago’s Stockyards Industrial Park.

Fetch Logistics Inc. has opened a new branch office in Chicago. The Amherst-based company, provides full-truckload and rail transportation services to manufacturing and warehouse companies throughout the continental U.S., Canada and Mexico.

Fitness Formula Clubs has taken over the former Crunch fitness center at the mixed-use North Avenue Collection in Lincoln Park, where it will occupy almost 54,000 square feet.

IntercontinentalExchange Inc., an Atlanta-based financial exchange, signed an 11-year lease for 23,400 square feet at 353 N. Clark St.

Inventus LLC, a leading national provider of electronic discovery, project management and related services to the legal community, announced that it has opened a new office in Chicago.

Kaplan Higher Education is relocating its home offices to 225 W. Wacker Drive in Chicago to accommodate its fast-growing employee population, moving more than 200 employees to the new space, which has capacity to accommodate nearly double the number of current employees.

Kaye Scholer LLP, a New-York-based law firm, will take another floor next year at Three First National Plaza, approximately doubling its space at 70 W. Madison St.

Littler Mendelson P.C., a San Francisco-based labor law firm, has agreed to lease 36,000 square feet on two floors at 321 N. Clark St., expanding from about 30,000 square feet at its previous location.

Nico Holdings LLC, a proprietary trading firm, is moving to the two-tower Franklin Center complex, where the firm has leased a full floor at 222 W. Adams St., and is more than doubling its space.

Old Town School of Folk Music is finalizing plans for an $18 million expansion — complete with classrooms, dance studios and a 133-seat performance venue housed at a new building on vacant land acquired by the school at 4543 N. Lincoln Ave, across from the school’s primary home.

Omega, a leading Swiss watchmaker with 51 locations worldwide, plans to open a N. Michigan Ave. boutique, where it could sell its high-end line of timepieces, including the $2,500 chronometer worn by James Bond.

Ogletree Deakins Nash Smoak & Stewart P.C., a Greenville, S.C. and Atlanta-based labor law firm, has leased 18,000 square feet on the 41st floor at 155 N. Wacker Drive, downtown’s newest office tower.

Opus Fund Services announced its expansion into the U.S. with the opening of its Chicago location concentrating on sales and marketing, back and middle office accounting and client relationship management.

Peak6, a trading firm, is consolidating offices and roughly doubling its space at the Chicago Board of Trade building, 141 W. Jackson Blvd., by adding 44,000 square feet of former trading floor space on the seventh and eighth floors.

Precision Discovery, a leader in electronic discovery and computer forensics services, opened first Midwest office in the Chicago area in order to better serve its growing list of both regional and national clients.

Robert Morris University increased its space by about 14%, to 323,000 square feet, as part of a long-term lease extension at its main campus at 401 S. State St.

Roll & Roll Metal Fabricators, a metal fabrication company, purchased a larger 137,688-square-foot building at 2310 W. 58th St.

Ronin Capital LLC, a trading firm, is moving its headquarters to 350 N. Orleans St., where the firm has leased about 70,000 square feet.

Savvis, Inc., a global leader in outsourced internet infrastructure services, announced the expansion of one of its two premier Chicago data centers on Cermak Road in Chicago.

Sedgwick Detert Moran & Arnold, a law firm, leased 19,346 square feet at 1 N. Wacker Dr.

Silliker Inc., a Paris-based food-testing company, is moving its headquarters from south suburban Homewood to 111 E. Wacker Drive in the Illinois Center complex, where it has leased the entire 23rd floor.

Stone & Youngberg, a leading financial services firm and underwriter of California and Arizona municipal bonds, announced it has moved its Chicago operations to 155 N. Wacker Drive, tripling the firm’s Midwest footprint.

Testa Produce Inc., a produce distributor, will occupy a LEED Platinum certified warehouse being constructed at 4555 S. Racine Ave. within the Stockyards Industrial Park.

TrafficLand, a national traffic information network, which uses Google Maps to display camera locations along roadways, launched live traffic video in Chicago with 44 cameras.

Valspar Corp., a Minneapolis-based paint company, plans to move the offices of its house paint division from Wheeling to 8725 W. Higgins Road in Chicago, where it will expand by roughly two-thirds, to 40,000 square feet.

Wilson Elser Moskowitz Edelman & Dicker LLP will move to 55 W. Monroe St., where the law firm signed a 15-year lease for 34,638 square feet, a roughly 30% expansion.

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