The once-stodgy building, originally built in 1929, has undergone more than $35 million in capital improvements over the last decade.
CHICAGO—Bridge Investment Group just acquired One North LaSalle, a 47-story, 493,738-square-foot vintage office tower located in downtown Chicago. The purchase closely follows the Atlanta-based firm's acquisition of O'Hare International Center, a pair of nine-story class A office towers in suburban Rosemont, and company officials say they want to be major players in the region's office market.
“In Chicago, you see a lot of young start-ups, and more companies on the cutting edge,” Brian Tretinik, managing director of Bridge Investment Group, tells GlobeSt.com. However, since 2011 developers converted nearly 1.4 million square feet of vintage Central Loop office space into alternative uses such as hotels and apartments. That puts a squeeze on many tech and creative office users, but the renovated One North LaSalle may help alleviate that problem.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
