Global private markets investment firm signs 46,000-square-foot lease as it prepares for its 55th anniversary with a modern Chicago headquarters designed for growth and collaboration
CHICAGO (August 4, 2026)—Savills announces that longtime client Adams Street Partners, LLC (“Adams Street”), a leading private markets investment management firm with $73 billion1 in assets under management, has signed a long-term lease for approximately 46,000 square feet at 120 South Riverside Plaza, relocating its headquarters from One North Wacker. The firm is expected to move into its new space in summer 2027. The Savills team of Vice Chairman John Goodman, Vice Chairman Eric Feinberg, Corporate Managing Director Brandon Nasatir, and Managing Director Isabel Schwartz represented Adams Street on the transaction.
The new headquarters will occupy the entire 20th floor and a portion of the 21st floor, allowing the global private markets investment firm to bring its employees together on contiguous floors while creating a more modern, collaborative workplace that supports its growth. The new office includes expanded community and collaboration spaces designed to enhance both employee and client experiences.
The relocation also marks a symbolic homecoming for Adams Street. The firm’s original headquarters was in the historic Rookery Building at LaSalle and Adams Streets, and its new headquarters returns the company to the Adams Street corridor as it prepares to celebrate its 55th anniversary next year.
“This move represents an important investment in our future while further solidifying our Chicago roots,” said Mike Kurlander, Partner & Chief Financial Officer / Chief Operating Officer at Adams Street Partners. “120 South Riverside Plaza provides the modern workplace, accessibility and flexibility we were seeking to best support our people, foster collaboration and serve our clients. As we approach our 55th anniversary, we are excited to begin our next chapter in a headquarters that reflects who we are today and where we are headed.”
10 & 120 S Riverside is an SOM-designed mid-century classic. The 1.4 million square-foot Class-A office complex in Chicago’s West Loop was transformed into a vibrant urban campus through more than $80 million in renovations completed in 2025. Upgrades included new Monroe Street entries, expanded and modernized lobbies, fitness centers, private lounges, a revamped conference facility, and a redesigned plaza to create a park-like setting.
“Adams Street Partners has been a valued client for nearly 25 years, so helping them identify a headquarters that supports their long-term business objectives made this especially meaningful,” added Goodman. “This relocation delivers everything the firm set out to achieve – a highly efficient workplace that brings employees together, provides room for future growth and offers exceptional access for its workforce, all while positioning the company for future success.”
The landlord, La Caisse (CDPQ), was represented by Kelsey Scheive of CBRE in partnership with the Hines asset management team.
[1] Adams Street Partners’ methodology to calculate Assets Under Management (AUM) is based on fund net asset value (NAV), plus unfunded commitments, plus leverage, but excluding the effect of subscription lines of credit. The prior AUM methodology was based on investor commitments minus commitments to fully liquidated underlying partnerships. Such change in methodology was effective July 2026; however, for periods shown prior to December 31, 2025, Adams Street continues to use the previous methodology. This updated methodology more closely aligns with (i) the amount of assets managed on behalf of investors and (ii) the amount of capital available to make direct and/or partnership investments. Amounts stated by investment advisers in regulatory filings (“regulatory AUM”) have a prescribed methodology, which may, in some circumstances, differ from the methodology such adviser uses for other purposes, including marketing efforts. Additional information is available upon request.”
###
About Savills
For over 170 years, Savills has been helping people thrive through places and spaces. Listed on the London Stock Exchange, we have more than 42,000 professionals collaborating across over 70 countries, delivering unrivaled coverage and expertise to the world of commercial and prime residential real estate. By applying world research data and trends to local and global settings, we empower our clients with insights from the forefront of the industry, bringing their aspirations to life through innovative, tailor-made solutions. Whether we are working with a global corporation looking to expand or an investor seeking to sustainably optimize their portfolio, we help our clients make better property decisions. Learn more at savills.us.
About Adams Street Partners
Adams Street is a global investment firm managing a comprehensive suite of private markets investment solutions. The firm provides private equity and private credit strategies to institutional investors, growth capital to innovative companies, and evergreen funds that offer access to multiple strategies through a single, investor-friendly commitment. The firm also supports wealth advisors with private markets solutions structured to be more flexible and accessible than traditional closed-end funds. With over 50 years of experience, Adams Street leverages deep market insights, global relationships, and proprietary data as it seeks to help investors achieve long-term investment goals. The firm is 100% employee-owned, manages $73 billion in assets, and operates out of 15 offices globally. Visit www.adamsstreetpartners.com