Raymond James moves to new West Loop Office, consolidates business units at Riverside site
ST. PETERSBURG, Fla. – Raymond James has completed the relocation of a majority of its Chicago-based associates to its new West Loop office, according to Chris Fils, Chicagoland complex manager for Raymond James & Associates (RJA).
The 58,196 square-foot lease spans nearly two floors at 120 South Riverside Plaza and accommodates financial advisors and associates from the firm's Private Client Group, Capital Markets and Fixed Income divisions. The expansive space combines multiple teams previously located at 550 W. Washington Blvd. and 222 S. Riverside Plaza, encompassing approximately 170 associates and a seating capacity for nearly 300 people.
"Chicago, with its rich historical legacy and strategic positioning, serves as a critical hub within the financial industry. With the opening of this multi-disciplinary office, we wholeheartedly reaffirm our dedication to expanding our footprint in both Chicago and across the Midwest," said Fils. "This substantial lease offers ample room to accommodate our growing wealth management, investment banking, public finance and trading operations in the Windy City – all under one roof – enabling improved ease of access for clients."
Raymond James' recently renovated West Loop office includes a media room, a client conferencing center with white glove concierge service, and a dozen associate meeting spaces, each equipped with video conferencing technology and state-of-the-art features. Additionally, the Riverside property offers an immersive lounge, café, private outdoor areas, and enhanced indoor and outdoor exercise and wellness areas.
"We are proud to unveil this new innovative and contemporary regional hub, strengthening our deep roots and further elevating our presence in Chicago. This environment equips our advisors with the tools they need to excel and promotes synergy between business units, offering a welcoming, professional and convenient setting for clients, as well as room for anticipated growth," said Mike Townsend, Chicago branch manager for RJA.
About Raymond James & Associates
Raymond James & Associates, Inc. (RJA), member New York Stock Exchange/SIPC, is an industry leader in financial planning and wealth management services for individuals, high-net-worth families, corporations and municipalities. RJA is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), one of the nation's premier diversified financial services companies with approximately 8,800 financial advisors throughout the United States, Canada and overseas. Total client assets are approximately $1.48 trillion as of Jun. 30, 2024. Additional information is available at raymondjames.com.