GlenStar Signs 60K of Leases at CBOT Bldg.

CHICAGO—As reported in GlobeSt.com, in 2014 GlenStar Properties finished $25 million in capital improvements at the Chicago Board of Trade building with the goal of transforming the 84-year-old landmark from a hub for trading firms into a home for a diverse set of office tenants. But part of that effort also includes working to retain the long-term tenants as a foundation. And the Chicago-based firm, which in 2012, along with USAA Real Estate Co., purchased the CBOT for $151 million, has just signed two notable renewals totaling 60,000-square-feet.

In the first, ADM Investor Services, Inc. has signed a new, long-term lease for 30,136-square-feet on the 21st floor. The firm will relocate from the 16th floor where it currently occupies 26,576-square-feet. Robert Sevim and Lisa Davidson of Savills Studley represented ADM in the transaction.