One North Wacker, Chicago, IL
CHICAGO, IL—Irvine Company Office Properties has signed five leases totaling 103,307 square feet at One North Wacker, UBS Tower, the 50-story modern workplace community in the heart of Chicago's famed central business district, the Loop.
Irvine Company also announced that One North Wacker has received the prestigious LEED Platinum Certification. Irvine credited the major certification to a team effort that included Hines, the building's property manager; HGA, a national multidisciplinary design team; and UBS.
Fitch Group, a global leader in financial information services, has leased 65,392 square feet and will occupy suites 2200 and 2300. The company will move its employees from 70 W. Madison Street in 2020. Fitch Group includes Fitch Ratings, a credit ratings and research firm; Fitch Solutions, a provider of credit market data, analytical tools and risk services; and Fitch Learning, a training and professional development firm. It has operations in more than 30 countries.
“We are very pleased to be moving our Chicago offices to One North Wacker,” says Ted Niedermayer, Fitch Group CFO. “We believe One North Wacker's prime location in the Loop—along with its innovative workspaces, onsite amenities and nearby community resources—will provide an excellent work environment for our Chicago employees, ”
In addition to Fitch Group, four other firms have leased space at One North Wacker:
- Wipfli, a top-20 accounting and consulting firm, has leased 21,000 square feet on the 17th floor.
- The Jordan Company, a private equity firm, has leased 8,653 square feet.
- May River Capital, a private equity investment firm, has leased 4,985 square feet.
- Heard Capital, a global asset management firm, has leased 3,277 square feet.
“We are excited that such an outstanding roster of respected companies has chosen One North Wacker as their Chicago home,” says Greg Tait, senior leasing director for Irvine Company Office Properties' Chicago portfolio. “It is the perfect location that will aid in their continual search for the region's top talent, and we look forward to seeing these companies thrive here.”
Eric Kunkel of JLL represented Fitch Group; Gary Fazzio and Bill Sheehy of CBRE represented Wipfli; Christine Bower and Brian Means of JLL represented The Jordan Company; David Knight of Advocate represented May River Capital; Larry Serota of Transwestern represented Heard Capital; and Brad Despot, Annie Nicolau and Mark Georgas of JLL represented Irvine Company.
Irvine Company entered the Chicago market in 2010, when it acquired the 48-story, 1.5-million square foot 71 South Wacker. The tower's elegant elliptical design offers expansive views and houses prestigious customers in hospitality, legal, financial services and technology, including IBM and the law firm of Mayer Brown.
In 2014, Irvine Company acquired the 60-story 300 North LaSalle overlooking the Chicago River. Its setting provides access to the River North neighborhood, including the finest restaurants, shops and entertainment. Current customers include Kirkland & Ellis, Chicago's biggest law firm, and management consulting firm Boston Consulting Group.
One North Wacker, UBS Tower is situated in the heart of the Loop. Its iconic architecture coupled with modern stainless steel and glass design make it one of the most prestigious locations in downtown Chicago.
Irvine Company's Chicago portfolio comprises 4.2 million square feet in three class A+ office high-rise properties that features the company's signature amenities, The Commons and KINETIC. The Commons provides comfortable, WiFi enabled spaces for employees to work, meet, innovate or simply take a break, while KINETIC is a fitness and wellness movement offering a state-of-the-art fitness center and workplace wellness programming.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
