601W close to signing another big tenant at Old Post Office

The deal would add to a run of big lease deals for the New York firm as it looks to wrap up an $800M overhaul of the complex

TRD CHICAGO /
May.May 17, 2019 03:00 PM
Federal Home Loan Bank of Chicago President and CEO Matthew R. Feldman and Old Post Office (Credit: FHLBC and Wikipedia)

Federal Home Loan Bank of Chicago President and CEO Matthew R. Feldman and Old Post Office (Credit: FHLBC and Wikipedia)

601W Companies is closed to reeling in another big tenant for its redeveloped Old Post Office.

Federal Home Loan Bank of Chicago is in advanced talks to take some 125,000 square feet in the hulking structure at 433 West Van Buren Street, according to Crain’s.

The federally chartered wholesale bank would move into the former post office from its current 96,000 square feet at the Aon Center, also owned by New York-based 601W.

A bank spokesperson declined comment on the possible move to Crain’s.

News of the possible lease came on the heels of word that Uber could be taking as much as 450,000 square feet in the 2.8 million-square-foot Old Post Office, which 601W is spending $800 million to overhaul.

Walgreens last year was the first company to announce a lease in the building, taking 200,000 square feet. Other confirmed tenants are ad agency AbelsonTaylor, Ferrara Candy and the Chicago Metropolitan Agency for Planning.

Two companies owned by the Kroger grocery store chain, Home Chef and data analytics firm 84.51, last month announced they’re taking a combined 132,000 square feet in the building. [Crain’s] — John O’Brien

 

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