Northern Trust Extends Lease for 100,357 SF

CHICAGO-Northern Trust Corp. has extended its lease for 100,357 sf in 10 S. LaSalle by five years from 2015 to 2020. The Central Loop building has a total of almost 800,000 sf in 37 floors. “Northern Trust’s space is in the low-rise portion of the building, and they’ve been a long-time tenant,” Mike Watts, SVP with J.F. McKinney & Associates, tells GlobeSt.com.

Watts and Carey King, senior associate, act as leasing agents for the building, which the company says is about 79% leased. The office building, which was constructed in 1986, is owned by the Feil Organization, a New York City-based real estate investment company. The property has a recently remodeled lobby and corridors, with retail shops and a cafe in the building. Asking lease rates for most space in 10 S. LaSalle range from $16 to $19 per foot, triple net, according to Feil.