PNC Bank Extends Lease At PNC Centre In Chicago's Financial District For Long-Term

The PNC Bank has decided to stay at its current location in the PNC Centre at One North Franklin Street in Chicago. The bank has confirmed a long-term lease extension with the landlord, John D. McCallion of MetLife Investment Management. As part of the agreement, PNC Bank will reduce its space by about 20 percent, occupying 95,000 square feet, reaffirming its commitment to the city's iconic financial district.

Summary of transation details

• Property Type: Office
• Transaction Amount: Not Applicable
• Address: 1 North Franklin Street
• Market: Chicago
• Landlord: John D. McCallion - MetLife Investment Management
• Tenant: Scott Swanson - PNC Bank

The lease extension between PNC Bank and John D. McCallion demonstrates the bank's dedication to its current location in the heart of Chicago. This decision comes as PNC Financial Services opted not to relocate to 155 North Wacker Drive. By reducing its office space by approximately 20 percent, PNC Bank affirms its commitment to the city's financial district while optimizing its operations for the long term.