CHICAGO—The ComPsych Corporation has decided to renew and expand their US headquarters lease for the NBC Tower at 454 North Columbus Drive, according to Jones Lang LaSalle, which represented ownership in the negotiations. ComPsych had occupied 104,910-square-feet on floors 10 through 13 and will now take over the 14th floor as well, occupying a total of 128,381-square-feet. JLL officials say this was the third-largest lease completed in the city's CBD this year.
Melissa Rubenstein and Gary Kostecki of JLL handled negotiations for the building's owner, Metropolis Investment Holdings, Inc., while Todd Lippman and James Whalen from CBRE represented ComPsych.
ComPsych was founded by Chicago entrepreneur Dr. Richard A. Chaifetz and bills itself as the world's largest provider of employee assistance programs such as health and wellness programs, HR services, helping employees navigate medical plans and many others.
“It is always extremely gratifying for a building owner when a long-time tenant of the global reputation of ComPsych affirms its long-term commitment to the building,” says Tom Prescott, president of Metropolis Investment Holdings.
A few vacant spaces remain in the 850,000-square-foot, class A office tower, which was designed by Skidmore Owings & Merrill and completed in 1989. According to JLL, about 90,000-square-feet of contiguous space remains on floors 16 through 20.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
