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Tenants Reclaim 70,000 SF at 311 S. Wacker

CHICAGO-Duff & Phelps, LLC renews its lease on the 41st and 42nd floors at 311 S. Wacker Dr. for 37,492 sf while Attorneys' Liability Assurance Society signs a 31,000-sf renewal at the building.

By Mark Ruda | Updated on February 01, 2005

CHICAGO-Duff & Phelps, LLC and Attorneys’ Liability Assurance Society, Inc. had plenty of options in the West Loop and beyond as their leases at 311 S. Wacker Dr. came up for renewal. However, both tenants are staying at Walton Street Capital’s 1.3-million-sf building.

National investment banking and financial advisory firm Duff & Phelps signed a 37,492-sf lease that extends and expands its deal for the 41st and 42nd floors of the 65-story building. ALAS, a tenant at 311 S. Wacker Dr. since 1992, signed a 31,000-sf renewal.

ALAS hired tenant representation firm Studley to explore relocation options, including buildings under construction. There are two, the Hyatt headquarters building and 111 S. Wacker Dr., being built within three blocks of 311 S. Wacker Dr. Executive vice president and branch manager Joseph Learner and corporate managing director Laurie Condon represented ALAS in negotiations with Walton Street Capital’s broker, Christian Domin of GVA Williams.

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