Lessen Announces Relocation of Chicago Office to Growing Tech Corridor, Signs Long-Term Lease at 203 North LaSalle Street

In Q1 2025, Lessen will move into Class-A office building adjacent to Google’s new Chicago outpost

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June 17, 2024 12:55 PM Eastern Daylight Time

CHICAGO--(BUSINESS WIRE)–Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, today announced that it will relocate its Chicago office to 203 North LaSalle Street, a 17-story, Class A office building in the city’s burgeoning Central Loop tech district.

Founded in 2019, Lessen was created to improve the management of distributed real estate portfolios nationwide. After four years of rapid organic growth, the company acquired SMS Assist, a prominent facilities maintenance technology company headquartered in Chicago, marking Lessen’s corporate entry into the local market.

“When we acquired SMS Assist last year, its founder Mike Rothman told me that Chicago is the greatest city in the country,” said Lessen CEO Jay McKee. “We’re thrilled to reaffirm that sentiment with this new space. Google’s announced move into the Central Loop is establishing LaSalle Street as a premier tech corridor within Chicago, and this location situates us perfectly for the next chapter of our corporate expansion.”

For Lessen employees, the new corporate office will provide an elevated work environment, replete with Class A amenities and robust transportation options. With its location adjacent to Google’s forthcoming Chicago office in the Thompson Center, Lessen employees will further benefit from the emergence of the Central Loop as a tech hub within the city, and the resultant economic development.

“203 North LaSalle is one of the most enticing office properties in the Chicago Loop. Its incredible location on LaSalle Street, the extensive capital improvements recently made by its owner and their focus on delivering an excellent tenant experience are why we’re extremely excited to make this building our new Chicago home,” said Maureen Ehrenberg, president of Lessen’s commercial division. “The building’s large floor-plates enable us to optimize our layout, creating a more collaborative workspace, and we’re currently working with our new landlord to design a dynamic office setup that will be ready for move-in by Q1 of next year. Propelled by Mayor Johnson's efforts to reinvigorate the LaSalle Street corridor, this area is poised to continue its economic ascendance — which will have a positive impact on the city’s tech sector — and it is an ideal location for our long-term future in the city.”

Nearly 1.5 years after its acquisition of SMS Assist, Lessen is the country’s largest provider of outsourced real estate property services, with a national footprint of more than 280,000 residential and commercial properties. The company leverages cutting-edge technology to help property and facility teams oversee distributed real estate portfolios, connecting owners and occupiers with a national network of more than 30,000 trusted vendors.

“Sumitomo is proud to welcome Lessen to 203 N LaSalle, offering a vibrant, amenity-rich environment perfectly aligned with Lessen's company culture and dedication to its employees. As a debt-free, stable ownership entity, we value fostering strong partnerships and eagerly anticipate supporting Lessen's ongoing growth and success in the heart of Chicago's Central Loop,” said Takuma Sasako, Senior Director, Sumitomo Corporation of Americas.

About Lessen

Lessen was created to improve how real-estate portfolios are serviced across all asset classes and locations. The company leverages cutting-edge technology, including robust analytics and predictive capabilities, to help property and facility teams seamlessly manage distributed real estate portfolios. Lessen has partnered with residential and commercial owners and occupiers, who collectively manage over 1 million locations, to eliminate friction and unlock value, leveraging over 30,000 trusted vendors in over 100 markets across North America. Valued at more than $2 billion, the company is one of the largest real estate services players and proptech companies.

Lessen LLC is a venture-backed, privately held company with offices in Scottsdale and Chicago. To learn more, visit Lessen.com.

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