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Blue Cross Boosts Office Space by 61,000 SF

CHICAGO-The corporation is the largest office tenant at One Illinois Center, which is 91% leased.

By Gina Kenny | Updated on June 27, 2007

CHICAGO-Health Care Services Corp., operating as Blue Cross Blue Shield of Illinois, is expanding in the One Illinois Center building at 111 E. Wacker Dr. The corporation is already the largest tenant in the building and is increasing by 61,000 sf. The firm will now lease 263,000 sf at the one-million-sf building.

Health Care Services Corp. has various leases expiring between March 2012 and March 2017. The lease for the additional 61,000 sf has a term of 4.5 years, says Jay Buckley, senior vice president and asset manager with Parkway Properties. Blue Cross Blue Shield has a need for additional space while they have a “vertical expansion” done at 300 E. Randolph St., Buckley says. The corporation will be taking an additional one full floor and parts of two other floors. The additional space is unimproved shell space and Health Care Services Corp. will receive a tenant improvement allowance to assist with the build out, Buckley says.

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