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Mills, Channel 2 Sign 100,000-SF Deal

CHICAGO-The lease for the first five floors of an office building to be constructed at Washington and Dearborn streets "will be the first of many we sign with other tenants for this project," says Steven J. Jacobsen, executive vice president of development ay Mills Corp., master developer of 108 N. State St.

By Mark Ruda | Updated on April 08, 2005

CHICAGO-The first deal at 108 N. State St., the $336-million-plus mixed-use project formerly known as “Block 37,” is done. Viacom-owned WBBM-TV/CBS 2 has signed a 100,000-sf deal for five floors in an office building to be constructed at Washington and Dearborn streets.

Channel 2 will have a street-level studio overlooking Daley Plaza to the west, much like Channel 5 has at NBC Tower in the East Loop and Channel 7 plans to have about two blocks away at 190 N. State St. WBBM-TV also gets its own address in the project–2 W. Washington St.

Still to come, though, is the first lease for some of the 400,000 sf of retail space that is the centerpiece of Arlington, VA-based Mills Corp.’s plan. “The agreement with CBS 2 Chicago, which is indicative of the strong progress we’ve made in our ongoing leasing negotiations, will be the first of many we sign with other tenants for this project,” promises Mills Corp. executive vice president of development Steven J. Jacobsen.

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