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Lung Association Buys Space at 55 W. Wacker

CHICAGO-The building is filling up, as the non-profit group has acquired 7,135 sf on the eighth floor of the office facility.

By Gina Kenny | Updated on July 08, 2008

CHICAGO-The American Lung Association of Illinois-Greater Chicago has acquired 7,135 sf on the eighth floor of the 15-story building at 55 W. Wacker. The price was not disclosed; however a full floor of the building, 14,250 sf, was recently acquired by two law firms for $3.6 million. The Chicago law firms of O’Rourke & Moody and Touhy, Touhy, Buehler & Williams teamed up to acquire the 14th floor, as reported last month by GlobeSt.com.

Matt Ochalski, owner and founder of GD Realty, represented the ALA in the sales transaction. Russ Cora, with Cape Horn Group, represented the building owner. The non-profit organization is relocating its headquarters to the space and consolidating leased space at 150 N. Wacker Dr. and an office condo at One Trans Am Plaza, Oakbrook Terrace, IL, says Juan DeAngulo, regional manager for building owner Cape Horn Group. The organization was attracted to the downtown location and column-free floor plates. “Historically, they have not been able to own in Downtown but need to maintain a Downtown presence,” DeAngulo says.

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