Search
 

Marsh & McLennan Signs On at 155 N. Wacker

CHICAGO-The 46-story office tower, in development by The John Buck Co., is now 52% pre-leased.

By Gina Kenny | Updated on June 23, 2008

CHICAGO-Marsh & McLennan Cos. has signed a lease for floors 11 through 16 at 155 N. Wacker Dr. The building, which will have more than 1.1 million sf, is being developed by a joint venture of John Buck Co. Funds, Morgan Stanley’s Prime Property Fund and Brijus Properties.

Two units of Marsh & McLennan will occupy approximately 134,000 sf in the 46-story office building, according to a statement released by JBC. Human resources consulting firm Mercer Inc. and risk and reinsurance specialist Guy Carpenter have also signed leases for space at the development. Representatives from JBC did not respond to requests to be interviewed. The estimated cost of the project is about $370 million, as previously reported by GlobeSt.com. Lease rates weren’t revealed, but J. Frank Franzese with Cushman & Wakefield previously said rental depends on the floor, with rates in the mid- to high $30′s per sf, net.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.