CHICAGO—Lincoln International has just signed a lease to become the newest tenant of the trophy-class office tower rising on the riverfront at 110 North Wacker Dr., a project by The Howard Hughes Corp. and Riverside Investment and Development. A spokesperson for the developers tells GlobeSt.com that the new deal means the highly-anticipated, 53-story building is already 40% leased, even though it won't open until 2020.
“Lincoln wanted to get space that was not just new and equal to what they have at 500 W. Madison, but something that was head and shoulders above any other option,” Lisa Davidson of Savills Studley tells GlobeSt.com. She represented the leading global investment bank on the deal. “And when this building came on the market they were very impressed with the location and the unique views of the river. When it's finished this will arguably be the top property in the city.”
“It's hard to argue with the location of 500 W. Madison as its right on top of the train lines,” she adds. But 110 Wacker is nearly as close, “right at Main and Main.” And it offers the Lincoln the opportunity to have 12-foot ceilings, along with state-of-the-art space with expansive river views.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
