Inside SunVest Solar's Relocation to 200 N. LaSalle

Cresa Represents SunVest Solar in Relocation to 200 N. LaSalle

CHICAGO (July 29, 2026) — Cresa announced that SunVest Solar has signed a 7,511-square-foot lease at 200 N. LaSalle Street in Chicago’s Central Loop. The company will relocate from 549 W. Randolph Street, with a planned move-in of Monday, July 27.

Cresa’s Justin Kessler represented SunVest Solar in the transaction. The landlord was represented by Ben Cleveland and Mark Gunderson of Stream Realty.

The move nearly doubles SunVest Solar’s Chicago office footprint and reflects the company’s continued growth and hiring momentum. The solar energy project developer and operator was recently named No. 25 on Crain’s Chicago Business’ 2026 Fast 50 list of the fastest-growing companies in the Chicago area.

“We’ve grown quickly, and we needed a space that could keep up with where the business is going,” said Bram Walters, CEO of SunVest Solar. “This move gives our team more room to collaborate, hire and continue building momentum in Chicago. The fact that the space was virtually move-in-ready was a major advantage for us. It allowed us to make a practical real estate decision without slowing down the pace of the business.”

Located across the street from Google’s planned move to the Thompson Center, 200 N. LaSalle places SunVest in the heart of a Central Loop submarket that is drawing renewed attention from major occupiers, investors and employees.

“SunVest is a great example of what we’re seeing from growth-minded tenants right now,” Kessler said. “Companies want quality, they want speed, and they want a workplace that helps them compete for talent. The Central Loop is creating that opportunity because tenants can access well-located, move-in-ready space with strong economics. For other tenants in the market, the advice is simple: do not wait too long. The best ready-to-go options will get absorbed first, especially as Google’s move continues to change the gravity in that part of the city.”

Cresa research shows that over the past two years, seven significant buildings have traded at an average discount of 75.7% to their prior sale prices, creating an opportunity for new owners to come in at a dramatically lower basis, renovate properties and offer competitive concessions to tenants.

“The Central Loop has been down, but it is absolutely not out,” said Eugene Ballantine, Senior Manager of Research and Finance at Cresa. “What makes this moment interesting is the combination of repriced ownership, renewed capital investment and major occupier commitments. SunVest’s move is another signal that tenants are recognizing the value here. Central Loop is becoming a much more compelling option.”

The transaction also reflects the broader flight-to-quality trend shaping Chicago’s office market, as companies use real estate decisions to strengthen their workplace experience while supporting recruitment, retention and long-term growth.

“SunVest moved quickly because the business required it,” Kessler said. “In a market with more options than headlines suggest, the key is knowing which buildings can deliver on timing, economics and employee experience. We were happy to support them through this process.”

About Cresa
With 1,350 employees and 56 offices across North America, and supported by its global alliance with Knight Frank, Cresa is the world’s leading commercial real estate advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions. We think beyond space to find and foster the best environment for every business. Delivered across every industry and supported by world-class technology, Cresa’s services include Transaction Management, Project & Development Services, Workplace Solutions, Location Advisory, Portfolio Solutions, Lease Administration, Capital Strategies and Strategic Consulting. For more information, please visit cresa.com.

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