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Sompo International Leases 28,000 SF In John Buck's 155 North Wacker Drive Tower

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LEASED
Deanna Becker
Kyle Harding
Patrick Lennon
+ 1

Illinois

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Office28,000 SF
Leased 02/08/2024
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Property Image
LEASED

Sompo International Leases 28,000 SF In John Buck's 155 North Wacker Drive Tower

155 North Upper Wacker Drive

See Similar Deals
Office28,000 SF
Leased 02/08/2024
Deanna Becker
Kyle Harding
Patrick Lennon
+ 1
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:28,000 SF
Transaction Type:Lease

Sompo International has leased over 28,000 square feet in John Buck's tower at 155 North Wacker Drive, doubling its downtown footprint. This move reflects a recovery in the office market, with companies seeking newer, amenity-rich spaces. The lease transaction was completed in the Chicago market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 155 North Wacker Drive
  • Market: Chicago
  • Square Footage: 28,000

The landlord for the property is John Buck of the John Buck Company. Sompo International, represented by JLL, was the tenant in this lease agreement. Bill Rolander of Newmark served as the landlord's representative, while Deanna Becker, Kyle Harding, and Patrick Lennon of JLL represented the tenant.

Players

Deanna Becker
JLL
Deanna Becker
2 deals(312) 228-2578
BROKER
Kyle Harding
JLL
Kyle Harding
1 deal(312) 228-3141
BROKER
Patrick Lennon
JLL
Patrick Lennon
1 deal(203) 705-2242
BROKER
William R. (Bill) Rolander. Jr.
Newmark
William R. Rolander. Jr.
2 deals(312) 224-3130
BROKER

Details

LEASED
IMAGE: Bill Rolander, Deanna Becker, John Buck, Kengo Sakurada, Patrick Lennon & Kyle Harding DATE: 02/08/2024 ADDRESS: 155 North Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 28,000 LANDLORD: John Buck - John Buck Company (@TheJohnBuckCompany) TENANT: Kengo Sakurada - Sompo International LANDLORD'S REP: Bill Rolander - Newmark (@Newmark) TENANT'S REP: Deanna Becker, Kyle Harding & Patrick Lennon - JLL (@JLL) NOTE: Sompo International has doubled its downtown footprint by leasing over 28,000 square feet in John Buck's tower at 155 North Wacker Drive. This move reflects a recovery in the office market, driven by companies seeking newer, amenity-rich spaces. JLL represented Sompo in negotiations, aligning with the company's growth strategy.

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Deal Type
Effective Rent (Annual)

$1,604,943.10

Total Lease Value

$16,049,431.04

Net Landlord Cash Flow$1,604,943.10