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Chicago

Law firm inks big lease at Riverside, Howard Hughes’ rising Downtown tower

Morgan Lewis & Bockius will take 86K sf at the under-construction development

110 North Wacker Drive and Scott T. Schutte, Chicago office managing partner for Morgan Lewis & Bockius
110 North Wacker Drive and Scott T. Schutte, Chicago office managing partner for Morgan Lewis & Bockius

Law firm Morgan Lewis & Bockius is the latest tenant to commit to the new Downtown office tower being built by Riverside Investment and Development and Howard Hughes Corporation.

The firm signed a lease for 86,000 square feet over three floors in the new tower at 110 North Wacker Drive, according to REJournals. Morgan Lewis has been in Chicago since 2003 and will move into the new space in 2021.

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JLL’s Tom Doughty, Steve Steinmeyer and Bobby Blair represented the firm in the lease negotiations, while CBRE’s Drew Nieman and Sara Spicklemire represented the developers. Nieman has since left CBRE to join Riverside as in-house broker, according to REJournals.

The 110 North Wacker tower is now more than 50 percent leased, led by a 530,000-square-foot anchor lease with Bank of America. Upscale co-working firm No18 last month said it will take two of three penthouse floors in the building for its second U.S. location.

Last year, Mergers and acquisitions firm Lincoln International said it would lease 60,000 square feet in the building. [REJournals] — John O’Brien

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Commercial Real EstateRiverside Investment & Development