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Amalgamated Bank Of Chicago Signs 12-Year Lease At 101 North Wacker Drive In Chicago

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LEASED
Jeff Dowdell
MG
Nick Weaver
+ 1

Illinois

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Office40,000 SF
Leased 02/21/2026
the dealplayerscompscontact
Property Image
LEASED

Amalgamated Bank Of Chicago Signs 12-Year Lease At 101 North Wacker Drive In Chicago

101 North Wacker Drive

See Similar Deals
Office40,000 SF
Leased 02/21/2026
Jeff Dowdell
MG
Nick Weaver
+ 1
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 101 North Wacker Drive in Chicago. The asset type is classified as an office space, with a total square footage of approximately 40,000. The building is currently 81% leased and is a 23-story structure. Amalgamated Bank of Chicago (ABOC) is relocating from its previous location at 30 N. LaSalle St., a site slated for residential conversion.

Summary of transaction details:

This deal marks the continued trend of tenants moving from older office spaces as the LaSalle Street area undergoes transformation. The new branch and executive offices for Amalgamated Bank of Chicago (ABOC) are set to open this fall, highlighting a shift in leasing dynamics within the Chicago market.

Players

Jeff Dowdell
Telos Group
Jeff Dowdell
4 deals(540) 809-9357
BROKER
Lauren Sharpe
Telos Group
Lauren Sharpe
1 deal(651) 428-7374
BROKER
MG
LaSalle Investment Management
Mark Gabbay
17 deals$751.6M volume
LANDLORD
Nick Weaver
Amalgamated Bank of Chicago
Nick Weaver
1 deal
TENANT

Details

LEASED
IMAGE: Mark Gabbay, Jeff Dowdell, Lauren Sharpe & Nick Weaver DATE: 02/21/2026 ADDRESS: 101 North Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 40,000 LANDLORD: Mark Gabbay - LaSalle Investment Management (@LaSalleIM) TENANT: Nick Weaver - Amalgamated Bank of Chicago (ABOC) BROKERS: Jeff Dowdell & Lauren Sharpe - Telos Group LEASE TERM: 12-year NOTE: Amalgamated Bank of Chicago (ABOC) signed a 12-year lease for ~40,000 square feet at 101 N. Wacker Drive in Chicago, relocating from 30 N. LaSalle St., a 43-story tower slated for partial residential conversion into 349 apartments; landlord is LaSalle Investment Management, represented by Jeff Dowdell and Lauren Sharpe of Telos Group.The 104-year-old bank will open a new branch and executive offices in the 23-story, 81%-leased building this fall, marking another tenant shift from aging Loop offices amid the LaSalle Street office-to-resi push.

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Deal Type
Effective Rent (Annual)

$2,292,775.86

Total Lease Value

$22,927,758.62

Net Landlord Cash Flow$2,292,775.86