CHICAGO (November 12, 2024) – Savills oversaw the real estate planning and negotiation of a new long-term lease agreement on behalf of client NXT Capital. The financial services firm, a subsidiary of ORIX Corporation, will relocate within 191 North Wacker to floors 25 and 26, totaling 33,250 rentable square feet. This space was previously occupied by Heitman, another client of Savills who recently relocated to 110 North Wacker.

“NXT Capital was very thoughtful in their approach to this project. The firm focused on what the best solution would be for their people and we framed the space and real estate solution around these data points,” said Savills Chicago region President Robert Sevim. “NXT Capital opted to remain at 191 North Wacker as it provides the opportunity to move seamlessly into what will be a newly designed and constructed space and maintain a location where employee commuting patterns will stay in place. The building plans to significantly update its amenity base and combined with the favorable economic package offered, relocating within the building was the ideal solution for NXT Capital.”

The firm will relocate in summer 2025. NXT Capital plans to reuse the unique interconnecting staircase between their two new floors and build a new conference center, large reception area, and a vibrant, communal café. In addition to Sevim, NXT Capital was represented in lease negotiations by Savills Executive Managing Director Adam Southard and Vice Chairmen Jihane Boury and Clay Vaughn, with workplace strategy completed by Dawn Dalson.

NXT Capital provides structured financing solutions through its Direct Lending group and targets U.S.-based borrowers with EBITDA between $5 million and $50 million. Since NXT Capital’s inception in 2010, their Direct Lending team has closed over $29 billion in financing commitments in more than 500 platform transactions. NXT Capital is based in Chicago with offices in Atlanta, Dallas, and New York and is the direct lending focused wholly-owned subsidiary of ORIX Corporation USA.