other material
confidence high
sentiment neutral
materiality 0.45
Vivid Seats signs 11-year lease for new Chicago HQ; terminates prior lease
Vivid Seats Inc.
- Leased ~48,000 sq ft at 24 E Washington St, Chicago; 11-year term starting Jan 1, 2023.
- Average monthly base rent ~$122,500 after abatement; receives ~$6.5M improvement allowance.
- Terminated prior lease at 111 N Canal St effective Nov 15, 2022.
- New premises will house executive and corporate functions for growing employee base.