The Telos Group completed long-term leases with two tenants at 111 S Wacker totaling over 85k SF, while maintaining around 97% occupancy at the 51-story office tower.
AXIS Reinsurance signed an 11-year lease for 29k SF on the building's 35th floor, while global investment firm Houlihan Lokey locked down over 57k SF on the 37th and 38th floors for the next 15 years. Both companies are increasing their lease footprints and moving to 111 S Wacker from other buildings.
The 1.1M SF building has been one of the most popular Class-A office buildings in the CBD, and Telos acted quickly to find new tenants for the space formerly occupied by RR Donnelley, which left in May. AXIS Reinsurance will move from 303 W Madison in March, while Houlihan Lokey is relocating from 123 N Wacker next June.
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