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Downtown's Shadow Space Getting Filled

Chicago-based Northern Trust will occupy 462,000 square feet at 333 S. Wabash starting in 2020, just after John Buck completes an extensive renovation.

By Brian J. Rogal | brianjrogal | Updated on August 14, 2017

chi-333SouthWabash (3) The former CNA Tower’s distinctive red exterior was just one of things which set it apart from other 1970s-era office buildings.

CHICAGO—The amount of shadow space emerging in Chicago’s downtown has been flagged as a possible concern by some, but John Buck Co. just signed an agreement that will fill up the majority of the largest chunk of shadow space on the market. Chicago-based Northern Trust will occupy 462,000 square feet at 333 S. Wabash starting in 2020, just after John Buck completes an extensive renovation. Northern Trust’s global headquarters will remain at 50 S. LaSalle St.

Affiliates of John Buck and Morgan Stanley purchased 333 S. Wabash from CNA Financial Corp. after CNA decided to drastically reduce the amount of downtown space it occupies by relocating from 750,000 square feet in the distinctive red tower to 272,569 square feet at John Buck’s 151 N. Franklin, which the developer plans to open in June 2018.

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