Law firm planting new flag on Wacker Drive: Smith Gambrell & Russell, which established a Chicago office through two mergers over the past two years, is moving to another tower up the street from its current location and reducing its downtown...

Law firm Smith Gambrell & Russell (SGR) is relocating its Chicago office to a new tower on Wacker Drive, reducing its office space by half. The move reflects the broader trend of companies shedding office space due to the COVID-19 pandemic and the preference for more modern workspaces. SGR's new office will have state-of-the-art technology, amenities, and a central location. The move is a win for developer John Buck Co., which owns the new tower and has been attracting new tenants after losing two major ones. The current tower, owned by Zeller and Cindat, is facing increased vacancy and potential financial losses. SGR's lease at the new location is a long-term commitment, and the firm expects to move in by early 2026. [Extracted from the article]