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1 S. Wacker Draws 26,362-SF Tenant From Aon Center

CHICAGO-Pasadena, CA-based Tetra Tech Inc. is lured by furnished space on the 37th floor, aggressive lease terms and a location closer to Metra's busiest commuter terminals.

By Mark Ruda | Updated on August 05, 2005

(To read more on the net lease market, click here.)

CHICAGO-The West Loop’s proximity near the Ogilvie Transportation Center and Union Station, furnished space and “an extremely aggressive economic package” were enough to lure Tetra Tech, Inc. from the Aon Center to 1 S. Wacker Dr. The Pasadena, CA-based engineering and technical service firm signed a lease for 26,362 sf on the 37th floor of Teachers Insurance Annuity Association’s 40-story building.

The building, about two blocks from Metra’s two busiest rail terminals, was a better fit for the Tetra Tech employees who commute, suggests Connor Kerr of CB Richard Ellis, who represented the company along with Lisa Konieczka. Mike Curran and Steve Smith of Jones Lang LaSalle, which has its US headquarters in Aon Center, represented TIAA. Although terms were not disclosed, recent published net lease rates at 1 S. Wacker Dr. start at $12 per sf.

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