Irvine Company’s Chicago Trophy Tower One North Wacker Leases Nearly 104,000 Square Feet

March 06, 2019

CHICAGO, Ill. (March 6, 2019) – Irvine Company Office Properties announced today 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. Platinum is the highest certification awarded by LEED (Leadership in Energy and Environmental Design), a highly respected worldwide program that encourages, rates and certifies green-building designs and operations. Irvine Company 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 comprises Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent 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.  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, ”said Ted Niedermayer, Fitch Group CFO.

In addition to Fitch Group, four other prestigious firms have leased space at One North Wacker:

  • Wipfli, an accounting and business-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 and will occupy suite 4140. The company is moving from 875 N. Michigan Avenue.

  • 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,” said 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.

 

Christine Bower and Brian Means of JLL represented The Jordan Company.

 

Gary Fazzio and Bill Sheehy of CBRE represented Wipfli.

 

David Knight of Advocate represented May River Capital.

 

Larry Serota of Transwestern represented Heard Capital.

 

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 LLP.

 

In 2014, Irvine Company acquired the 60-story 300 North LaSalle overlooking the Chicago River.  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.

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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