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

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

TRD CHICAGO /
Apr.April 09, 2019 12:10 PM

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.

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


Related Article

arrow_forward_ios
PepsiCo CEO Ramon Laguarta and WeWork CEO Adam Neumann with the Old Post Office (Credit: Getty Images)

Space race: WeWork, PepsiCo may take a combined 320K sf at 601W Companies’ Old Post Office

Chicago casino operator probably won’t make much money, Tishman Speyer poaches JLL broker: Daily digest

Homes in Chicago's Archer Heights neighborhood (Credit: iStock)

Chicago Cheat Sheet: Chicago home value growth hits 3-year low, another suburban corporate exodus…& more

The Jeffery Towers portfolio

As South Shore booms, local investor seeks a big payout on 4-building portfolio

Kasa Living Founder and CEO Roman Pedan and One Superior Place (Credit: LinkedIn and One Superior Place)

In crowded multifamily market, this landlord is making a short-term rental play in River North

Jonathan Gray and the Courtyard by Marriott Downtown/River North

Blackstone is the latest investor in Chicago’s hot hotel market

Brothers Jon and Julian Mickelson and 606 East Woodland Park Avenue

After buying bulk of Bronzeville condo complex, two brothers decide against deconversion

Prolific Humboldt Park developer plans more housing amid criticism of its veterans housing complex

arrow_forward_ios