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Lincoln International to join Bank of America at new tower
The investment bank plans to move its HQ to the new building in 2021, the year after its projected opening
UPDATED, 2:03 p.m., May 2: Lincoln International will join Bank of America as a tenant in the largest office tower under construction in the Downtown market.
The mergers-and-acquisitions firm has signed a 60,000-square-foot lease at Howard Hughes’ and Riverside Investment & Development’s 1.4 million-square-foot office tower now rising at 110 North Wacker Drive, according to Crain’s.
Lincoln plans to move its headquarters and about 200 employees to the Class A building in 2021, the year after its projected opening.
When Bank of America signed its 500,000-square-foot lease at the building about a year ago, the joint venture told Crain’s the lease was big enough that it made them comfortable breaking ground shortly afterward.
Lincoln currently leases about 52,000 square feet at 500 West Madison Street.
The rising tower sits a few blocks south of 150 North Riverside Plaza and 444 West Lake Street, which both opened last year and total about 2.1 million square feet between them. The buildings are close to 90 percent leased, according to Crain’s.
The Bank of America-anchored tower is about 40 percent leased, with 29 full floors still unspoken for. [Crain’s] — Scott Klocksin
Correction: A previous version of this article incorrectly stated that Lincoln Financial signed the lease at 110 North Wacker Drive.