{"id":4761,"date":"2023-07-20T20:04:18","date_gmt":"2023-07-20T20:04:18","guid":{"rendered":"https:\/\/loopchicagodev.wpenginepowered.com\/more-loop-office-space-swiped-up-by-private-equity-firm-shore-capital-partners\/"},"modified":"2026-05-26T19:40:43","modified_gmt":"2026-05-26T19:40:43","slug":"more-loop-office-space-swiped-up-by-private-equity-firm-shore-capital-partners","status":"publish","type":"post","link":"https:\/\/loopchicago.com\/es\/chicago-loop-blog\/more-loop-office-space-swiped-up-by-private-equity-firm-shore-capital-partners\/","title":{"rendered":"More Loop office space swiped up by private equity firm Shore Capital Partners"},"content":{"rendered":"<p class=\"loop-intro wp-block-paragraph\">2 MIN READ \u2013 \u201cChicago is a hub where people want to be.\u201d Shore Capital Partners CEO is betting big on the Loop. Read an excerpt from a <a rel=\"noopener noreferrer\" href=\"https:\/\/www.chicagobusiness.com\/\" target=\"_blank\">Crain\u2019s Chicago Business<\/a> article written by <a href=\"https:\/\/www.chicagobusiness.com\/staff\/sdaniels\/Steve-Daniels\">Steve Daniels<\/a> and <a rel=\"noopener noreferrer\" href=\"https:\/\/www.chicagobusiness.com\/staff\/decker\/Danny-Ecker\" target=\"_blank\">Danny Ecker<\/a> on the rationale of adding more square footage to the <a rel=\"noopener noreferrer\" href=\"https:\/\/www.chicagobusiness.com\/finance-banking\/justin-ishbia-shore-capital-partners-growing-chicago\" target=\"_blank\">private-equity firm\u2019s office space<\/a>.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">Read the following excerpt from <a href=\"https:\/\/www.chicagobusiness.com\/\">Crain\u2019s Chicago Business<\/a> article written by <a rel=\"noopener noreferrer\" href=\"https:\/\/www.chicagobusiness.com\/staff\/sdaniels\/Steve-Daniels\" target=\"_blank\">Steve Daniels<\/a> and <a href=\"https:\/\/www.chicagobusiness.com\/staff\/decker\/Danny-Ecker\">Danny Ecker<\/a>:<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">Justin Ishbia\u2019s firm has added a new floor to its office at 1 E. Wacker Drive, a nearly 16,000-square-foot expansion that brings its new footprint in the tower to around 55,000 square feet, Shore Capital Partners confirmed. The deal reinforces Shore Capital&#8217;s status as the 41-story tower&#8217;s largest tenant and extends its lease in the building by roughly three years through early 2033.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">The move belies the COVID-19 pandemic-fueled trend of companies shedding office space as they embrace the remote work movement. Downsizing tenants have pushed downtown office vacancy to an all-time high, setting off a historic wave of distressed properties and gutting the vitality of the central business district.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large loop-image\"><img decoding=\"async\" src=\"https:\/\/loopchicago.com\/wp-content\/uploads\/2026\/05\/DSC7649-1__ResizedImageWzEzMjAsODgwXQ.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">For Shore Capital, meanwhile, remote work has never been a long-term option. The company returned to regular in-office work just a few months into the public health crisis and has seen its Chicago workforce quadruple since then, prompting the need for more room, Ishbia said. Shore Capital now employs about 120 in Chicago, up from 30 in July 2020 when Ishbia summoned employees back to the office.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">\u201cIt\u2019s really hard to grow a business where people who are new aren\u2019t embedded in the office,\u201d Ishbia said in an interview.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">Adding to the all-hands-on-deck emphasis is Shore Capital\u2019s business model, which emphasizes much more dealmaking than the average private-equity firm. Ishbia says Shore Capital has bought about 600 companies in the past three years at an average of about $12 million per deal. That\u2019s a rate of almost a deal per business day\u2026<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">Ishbia isn\u2019t joining in the business-community jitters over the future of downtown Chicago, still not back to normal activity more than three years after the pandemic hit. He sees Chicago as a magnet for younger workers, referencing people he\u2019s hired who moved from California, Texas and Michigan, among other places. Give the downtown recovery time, he says.<\/p>\n\n\n\n<p class=\"lc-post-paragraph wp-block-paragraph\">\u201cWe believe it will come back,\u201d he says. \u201cChicago is a hub where people want to be.\u201d<\/p>","protected":false},"excerpt":{"rendered":"<p>2 MIN READ \u2013 \u201cChicago is a hub where people want to be.\u201d Shore Capital Partners CEO is betting big on the Loop. Read an excerpt from a Crain\u2019s Chicago Business article written by Steve Daniels and Danny Ecker on the rationale of adding more square footage to the private-equity firm\u2019s office space.<\/p>","protected":false},"author":7,"featured_media":8078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58],"tags":[64,44,55,82],"class_list":["post-4761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loop-news","tag-economic-data","tag-finance","tag-get-around","tag-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>More Loop office space swiped up by private equity firm Shore Capital Partners - Loop Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/loopchicago.com\/es\/chicago-loop-blog\/more-loop-office-space-swiped-up-by-private-equity-firm-shore-capital-partners\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More Loop office space swiped up by private equity firm Shore Capital Partners - Loop Chicago\" \/>\n<meta property=\"og:description\" content=\"2 MIN READ \u2013 \u201cChicago is a hub where people want to be.\u201d Shore Capital Partners CEO is betting big on the Loop. 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