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111 S. Wacker Gets Two New Trophy Tenants

CHICAGO—The opening of a set of new office towers in late 2016 and 2017 has other downtown owners upgrading their buildings' amenities.

By Brian J. Rogal | Updated on September 26, 2015

CHICAGO—Union Investment Real Estate GmbH, the owner of 111 South Wacker, has just completed two new lease transactions that will fill about 75% of the space left vacant by the May 2015 exit of R.R. Donnelley.

Global insurer AXIS Reinsurance has signed an 11-year lease for all 28,609 rentable square feet on the 35th floor, and global investment banking firm Houlihan Lokey has signed a 15-year lease for all 57,298 rentable square feet on floors 37 and 38. The new leases keep the 51-story, 1.1 million square foot building’s occupancy rate at around 97%, a rate it has held since opening in 2005.

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