Barnes & Thornburg Extends Lease For 96000 Square Feet At 1 North Wacker Drive Chicago

The property is located at 1 North Wacker Drive in Chicago, serving as an office asset with a total square footage of 96,000. The transaction involves the landlord, Irvine Company, and the tenant, Barnes & Thornburg, who has extended its lease agreement. The lease extension continues through the year 2036 and includes reclaiming a previously subleased floor.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 1 North Wacker Drive
• Market: Chicago
• Landlord: Irvine Company
• Tenant: Michael Carrillo - Barnes & Thornburg
• Landlord's Representative: Greg Tait & Maggie Brophy - Irvine Company
• Tenant's Representative: Savills

The lease expansion by Barnes & Thornburg is a response to a significant hiring surge, as the firm plans to accommodate 135 attorneys within the newly reclaimed space. This move contrasts with the general trend of companies reducing office space, indicating a strategic focus on fostering a collaborative work environment.