Specialty investment bank Ziegler expands Chicago presence with 32,000-square-foot lease at One North Wacker
The privately held, national boutique will occupy the 20th floor of the trophy tower and move in mid-2018
CHICAGO, Ill. (December 13, 2017) — Irvine Company Office Properties announced today that Ziegler, a privately held, national boutique investment bank, capital markets and proprietary investments firm has signed a lease to occupy 32,000 square feet at One North Wacker, UBS Tower, the 50-story modern workplace community in the heart of The Chicago Loop.
The company will occupy the entire 20th floor of the Class A+ office tower and plans to move in mid-2018.
Ziegler specializes in providing capital raising, strategic advisory services, equity and fixed income sales and trading, and research to clients in the healthcare, education, general municipal and structured finance sectors.
“This is an exciting time for Ziegler. Our move to the full 20th floor of One North Wacker not only supports our growing firm, but it will also provide our associates with a new, dynamic work environment. We are looking forward to the move and all of the improvements it will bring,” said Tom Paprocki, CEO of Ziegler.
“Ziegler is emblematic of the companies that are choosing One North Wacker as their Chicago ‘home,’” said Beau Rawi, regional vice president, leasing, Irvine Company Office Properties. “With the foresight that is the hallmark of this market leader, Ziegler recognizes that first-class modern offices and amenities are essential to accelerating success and attracting talent. We are excited to welcome Ziegler to our workplace community.”
Nationally renowned for owning and operating more than 500 premier office properties, Irvine Company’s Chicago portfolio includes three of the seven trophy buildings that help define the downtown Chicago Class A+ skyline.
The 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 Goldman Sachs, IBM and the law firm of Mayer Brown LLP.
The 60-story 300 North LaSalle overlooking the Chicago River, was acquired by the Irvine Company in 2014. Its ideal 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.
The Chicago portfolio includes 4.2 million square feet of A+ office high-rise properties that includes 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; KINETIC is a fitness and wellness movement offering a state-of-the-art fitness center and workplace wellness programming.
Lisa Konieczka and Bill Sheehy of CBRE represented Ziegler. Brad Despot and Annie Nicolau of JLL represented the Irvine Company.
About Irvine Company Office Properties
Irvine Company has evolved the traditional office to something much more: vibrant workplace communities. A place where collaboration is encouraged and creativity is enabled to elevate business success. The company owns and manages 150 vibrant workplace communities in Orange County, Los Angeles, Silicon Valley and San Diego. It also owns world-class skyscrapers in New York and Chicago. The portfolio includes 50 million square feet serving more than 3,000 companies. Its timeless design and quality craftsmanship is consistent with its long-term view and pride of ownership.
Ziegler is a privately held investment bank, capital markets and proprietary investments firm, celebrating its 115th anniversary this year. Ziegler is ranked No. 1 in the country in healthcare/senior living underwriters by issuance and No. 4 by par amount (Thomson Reuters, 2016), and is ranked in the top 20 municipal underwriters in the country by volume (Bloomberg, 2016). Specializing in the healthcare, senior living, education and religion sectors, as well as general municipal and structured finance enables Ziegler to generate a positive impact on the communities it serves. Headquartered in Chicago with regional and branch offices throughout the United States, Ziegler provides its clients with capital raising, strategic advisory services, equity and fixed income sales & trading and research. To learn more, visit www.ziegler.com.