110 North Wacker Drive Approaching Lease-Up As Opening Day Nears
COVID-19 fears grip the city, but major leasing deals continue. Chicago-based real estate investment management firm Heitman signed a lease to occupy two floors in the Bank of America Tower at 110 North Wacker Drive in downtown Chicago. The 55-story property under construction by The Howard Hughes Corp. and Riverside Investment & Development has already attracted a large number of tenants, one of several new West Loop trophy projects to recently do so, and is now 75% leased seven months before it opens in October.
Heitman will relocate from 191 North Upper Wacker Drive, less than one block away. It will join other anchor tenants, including Bank of America, Jones Day, Morgan Lewis and Lincoln International. The owners also recently secured a deal for a new restaurant by José Andrés’ ThinkFoodGroup and its partner Chicago-based Gibsons Restaurant Group.
Earlier this year, law firm Perkins Coie signed a multiyear lease for 100K SF on three-and-a-half floors beginning in late 2021.
“Perkins Coie’s move to 110 North Wacker Drive next year is being driven by our continued growth in the Chicago and Midwest market, and our new state-of-the-art office space will better accommodate our growing number of attorneys and professional staff,” Perkins Coie Managing Partner Rick Sevcik told Bisnow. “We are known for our entrepreneurial and collaborative culture and the new office and conference space will help further support this across our practice areas and in continuing to best serve our clients.”
John Goodman, Eric Feinberg and Adam Mitchell of Savills represented Heitman in its lease negotiations. Riverside Investment and Development’s Drew Nieman and CBRE’s Sara Spicklemire represented the owners.