Chicagoland Entrepreneurial Center’s Acquisition of Illinois Technology Association

Sheppard, Mullin, Richter & Hampton LLP represented Chicago Entrepreneurial Center (CEC dba 1871), Chicago’s digital technology hub and the #1 ranked private business incubator in the world, in its acquisition of the Illinois Technology Association (ITA), a nonprofit organization that supports the growing Illinois technology community.

The partnership will drive collective acceleration for early-stage, growth-stage, and enterprise companies.

Founded in 2005, ITA has supported more than 400 companies. The Merchandise Mart-based 1871 said it is home to 450 startups and small ventures. Launched in 2012, 1871 said 650 companies have relocated from its space to create more than 11,250 jobs.

ITA will move from the Civic Opera Building at 20 N. Wacker Dr. to the Merchandise Mart. Ziegler said 1871’s lease at the Merchandise Mart continues through February 2024.

The Sheppard Mullin team was led by Chicago office managing partner and Chairman of the Board of the CEC and 1871, Larry Eppley (Picture) and Chicago special counsel Carrie McNally, and included Chicago attorneys Mike Roth, Kevin Ryan, Shawn Fabian, Nika Palama, Lauren Mioduszewski and Julie Kadish.

Involved fees earner: Lawrence Eppley – Sheppard Mullin; Shawn Fabian – Sheppard Mullin; Julia Kadish – Sheppard Mullin; Carrie McNally – Sheppard Mullin; Lauren Mioduszewski – Sheppard Mullin; Nika Palama – Sheppard Mullin; Michael Roth – Sheppard Mullin; Kevin Ryan – Sheppard Mullin;

Law Firms: Sheppard Mullin;

Clients: Chicagoland Entrepreneurial Center;

Author: Ambrogio Visconti