Irvine Co. Boosts Occupancy At 1 North Wacker Drive With New Leases | 1 North Upper Wacker Drive | Office | Lease

Summary

Lease

ILLINOIS

Office

100,000 sqft

The One North Wacker Drive office property in Chicago, owned by Irvine Co. and under the leadership of Donald Bren, has recently experienced an increase in occupancy. Previously at 84%, the property's occupancy has risen to 90% with the signing of 100,000 square feet in lease agreements. Among the companies involved in these lease signings are BakerHostetler, Sinch represented by Laurinda Pang, and Berkshire Hathaway Specialty Insurance Co. represented by Peter Eastwood.

Summary of transation details

Property Type: Office
Transaction Amount: Not specified
Square Footage: 100,000 SF
Address: 1 North Wacker Drive, Chicago
Market: Chicago

This boost in occupancy comes as the property undergoes a $10 million renovation, aimed at enhancing the amenities available to tenants. The renovation will include the addition of a coffee bar and upgrades to the fitness center, further improving the workspace for tenants.

Details

Deal Summary

LEASED

IMAGE: Donald Bren, Peter Eastwood, Laurinda Pang & Rick Johnson DATE: 10/06/2023 ADDRESS: 1 North Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 100,000 LANDLORD: Irvine Co. (@WorkatIrvineCompany) - Donald Bren (@DonaldBren4) TENANT: BakerHostetler (@BakerHostetler) - Rick Johnson; Sinch (@WeareSinch) - Laurinda Pang (@LaurindaPang); Berkshire Hathaway Specialty Insurance Co. - Peter Eastwood NOTE: Irvine Co. has boosted occupancy at the One North Wacker Drive office property in Chicago to 90% from 84% with 100,000 square feet of leases signed by companies including BakerHostetler and Berkshire Hathaway Specialty Insurance Co. The property is undergoing a $10 million renovation, adding amenities like a coffee bar and fitness center upgrades.

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Address1 North Upper Wacker Drive

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