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First Nonprofit Insurance Co. Leases 18,270 SF

CHICAGO-The firm has taken the space on the 23rd floor of the 1.2-million-square-foot One South Wacker.

By Cari Brokamp | Updated on August 20, 2009

CHICAGO-First Nonprofit Insurance Co. has signed on for 18,270 square feet at the 1.2-million-square-foot One South Wacker. The new lease at the building represents an upgrade to a class A property for the insurance company, which has been housed for the past two decades at 111 N. Canal St. in a similar amount of class B space.

The firm was represented by Studley senior managing director Lyle Levin, while building owner Teachers Insurance and Annuity Association was represented by Michael Curran of Jones Lang LaSalle in the deal.

“The location works great for the company because it’s right on Wacker, close to all the commuter lines, so it has good access for clients and employees to get to them,” Levin tells GlobeSt.com. “They looked at this an opportunity to take advantage of soft market conditions to go from a B building to an A building. It also has a lot of amenities.”

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