Key Takeaways
- • PerkSpot expanded its Chicago headquarters footprint by 14,020 square feet, bringing total leased space at 320 West Ohio Street to more than 27,000 square feet, representing more than a doubling of its initial presence at the location.
- • The expansion marks the employee discount platform's second major real estate transaction in 13 months, following a June 2018 relocation from 5,000 square feet to an initial 13,222-square-foot lease at the same River North building.
- • Growth acceleration follows a $50 million capital infusion in August 2018, which catalyzed a significant recruiting effort and prompted the company to develop a phased real estate strategy rather than securing excess capacity upfront.
- • Cresa Chicago managing principal Allen Rogoway, hired by PerkSpot in 2017, represented the company in both transactions and structured the expansion plan to accommodate growth while preserving corporate culture and employee work experience.
Summary
PerkSpot, a customized employee discount and rewards platform, has significantly expanded its operational footprint in Chicago's River North neighborhood, reflecting accelerated business growth following substantial capital deployment. The firm signed a 14,020-square-foot lease expansion at 320 West Ohio Street, bringing its total occupancy at the property to more than 27,000 square feet. This expansion represents the company's second major real estate transaction within a 13-month period, underscoring rapid scaling in headcount and operational capacity.
The company's trajectory began in June 2018, when PerkSpot relocated from approximately 5,000 square feet at a nearby location to an initial 13,222-square-foot lease at 320 West Ohio Street. This initial move was preceded by a $50 million capital infusion in August 2018, which the company deployed toward recruiting and operational expansion. Rather than committing to excess space immediately, the company partnered with Cresa Chicago managing principal Allen Rogoway—retained since 2017 to develop a strategic real estate roadmap—to structure phased growth aligned with hiring and cultural preservation.
The 320 West Ohio Street location is characterized as a brick and timber loft building with expansive floor plates and abundant natural light, providing an open-plan design that fosters cross-functional collaboration. According to PerkSpot CEO Jace Mouse, the deliberate approach to space expansion proved critical: "Rather than put us in more space than we needed from day
The company's trajectory began in June 2018, when PerkSpot relocated from approximately 5,000 square feet at a nearby location to an initial 13,222-square-foot lease at 320 West Ohio Street. This initial move was preceded by a $50 million capital infusion in August 2018, which the company deployed toward recruiting and operational expansion. Rather than committing to excess space immediately, the company partnered with Cresa Chicago managing principal Allen Rogoway—retained since 2017 to develop a strategic real estate roadmap—to structure phased growth aligned with hiring and cultural preservation.
The 320 West Ohio Street location is characterized as a brick and timber loft building with expansive floor plates and abundant natural light, providing an open-plan design that fosters cross-functional collaboration. According to PerkSpot CEO Jace Mouse, the deliberate approach to space expansion proved critical: "Rather than put us in more space than we needed from day
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.