M3 Capital To Expand HQ to 155 N. Wacker

CHICAGO-M3 Capital Partners LLC will move and expand its headquarters to 155 N. Wacker, the new tower being built by the John Buck Co., in 2010. The 10-year lease will offer the global real estate investment banking and advisory firm about 27,115 sf in the new 1.1-million-sf building, slated for completion in fall 2009. The tenant will occupy the entire 18th floor in the West Loop building. The lease will begin in January 2010, but the company will have the option to move in earlier as the space is completed.

Jock Howland, managing director with Jones Lang LaSalle, represented M3 Capital in the lease. “They really wanted to focus on the West Loop and to remain close to the train stations,” Howland tells GlobeSt.com. “They wanted to be in a first-class building with first-class neighbors.”

M3 Capital, formed by partners of Macquarie Capital Partners LLC in December 2006, now occupies 16,800 sf at One N. Wacker, another Buck building. Howland also represented Macquarie in that lease in 2004. “They would have loved to stay in that building, but there was no vacancy,” Howland. “When it came time for them to look to move, the best solution for them turned out to be the next new building that the Buck company was developing.”