Skender Completes 83,000 SF Headquarters for Harrison Street in Chicago’s Fulton Market

Why this matters

The completion of Harrison Street Asset Management’s new headquarters in Chicago’s Fulton Market underscores a cautious but deliberate institutional commitment to office assets in key urban nodes. While the sector continues to wrestle with hybrid work patterns and evolving tenant demands, the decision by a prominent real estate investment manager to consolidate its base in a high-profile, amenity-rich submarket signals confidence in the long-term viability of well-located, quality office space. This move may reflect a broader trend among institutional occupiers and investors seeking to anchor their presence in markets where office fundamentals remain relatively resilient, even as secondary and tertiary locations face greater uncertainty. From a capital-markets perspective, the build-out completion suggests that development and repositioning projects targeting institutional tenants are still viable, provided they align with contemporary workspace expectations. It also hints at sustained lender willingness to finance office projects with strong sponsorship and credit profiles, despite ongoing macroeconomic and sector-specific headwinds. For allocators and LPs, the transaction offers a barometer of where capital is flowing within office real estate—toward differentiated assets in dynamic urban districts rather than undifferentiated suburban or legacy office stock.

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On the RET wire

• The 35th Chicago story tracked on the wire in August 2026. All Chicago coverage →
• Disclosed office deal value tracked in August 2026: $17.1B across 72 reported transactions. All Office coverage →

Computed from Real Estate Trail’s own tracked coverage

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