Avison Gets 42K in Leases for 1 S. Wacker

CHICAGO—Avison Young recently completed four lease transactions totaling about 42,000-square-feet of space at One South Wacker Dr., another step in the repositioning of the 1.2 million-square-foot building. Harbor Group International LLC bought the property in 2012, invested $15 million in an extensive renovation and boosted its occupancy from 80% to about 89%.

The new leases include an almost full-floor lease for Avison Young’s Chicago region. The company, which entered the regional market in 2009, relocated from about 12,000-square-feet at 120 N. LaSalle St. and has taken 22,000-square-feet on the 30th floor of the 40-story building. Over the past five-and-a-half years, Avison Young has grown from 11 to more than 60 offices in Canada, the US and Europe.