Irvine Company leases nearly 45,000 square feet of office workspace at iconic One North Wacker in Chicago
CHICAGO, Ill. (February 21, 2018)– Irvine Company Office Properties announced today that Egon Zehnder, the world’s premier leadership solutions firm, First Industrial Realty Trust, a real estate investment trust, and Kibar Americas Inc., a subsidiary of Assan Aluminyum, the third largest flat-rolled aluminum foil producer in Europe, have leased a total of 44,458 square feet at One North Wacker, Chicago’s iconic 51-story vertical campus. These leases add to the building’s reputation as one of the most sought after addresses in the heart of the Chicago Loop.
Egon Zehnder, the world's largest privately held leadership solutions firm, will increase their leased space at One North Wacker from 17,000 square feet to nearly 23,000 square feet and will occupy the 48th floor.
First Industrial Realty Trust, a leading national owner and operator of industrial real estate, has leased 17,152 square feet on the 42nd floor and will move in July 2018.
Kibar Americas Inc. has leased 5,126 square feet and will move in April 2018.
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.
“One North Wacker is the ultimate modern workplace community,” said Beau Rawi, regional vice president, leasing, Irvine Company Office Properties. “We are continuously enhancing our differentiated workplace experience to appeal to companies like First Industrial, Egon Zehnder and Assan, who are seeking flexibility, amenities, attractive lease options, and an environmentally friendly building.”
“Egon Zehnder is a proud member of the Chicago business community,” said Doug Kush, Consultant and Chicago Office Leader, Egon Zehnder. “We’ve experienced significant growth in Chicago and across the Midwest region over the past 37 years. We are excited by the growth opportunities here and the additional office space will enable us to continue serving our clients.”
Lisa Davidson and Tiffany Winne of Savills Studley represented Egon Zehnder.
John Goodman, Eric Feinberg and John Connerty of Savills Studley represented First Industrial Realty Trust.
Corey Siegrist of JLL represented Kibar Americas Inc.
Brad Despot and Annie Nicolau of JLL represented the Irvine Company.
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.
The Chicago portfolio includes 4.2 million square feet in three Class 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.
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.