CBOE parent company eyeing big lease in 601W’s Old Post Office redevelopment

The Chicago Board Options Exchange is close to a deal for 175K sf in the sprawling West Loop office redevelopment

Aug.August 01, 2019 09:00 AM
Chicago Board Options Exchange and CBOE's Global Markets CEO Edward Tilly (Credit: Getty Images)

Chicago Board Options Exchange and CBOE’s Global Markets CEO Edward Tilly (Credit: Getty Images)

Cboe Global Markets is negotiating a big lease in 601W Companies’ Old Post Office redevelopment.

The parent company of the Chicago Board Options Exchange is close to taking 175,000 square feet in the 2.5 million-square-foot building at 433 West Van Buren Street, according to Crain’s.

It’s the latest win for New York-based 601W, which is converting the long vacant sprawling postal complex into offices with a $900 million renovation.

Other big tenants either inked to leases or in talks include Uber (450,000 square feet), Walgreens (200,000 square feet), Cisco Systems (130,000 square feet) and Federal Home Loan Bank of Chicago (125,000 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, said they’re taking a combined 132,000 square feet in the building.

A Cboe spokesperson said it’s “evaluating its current real estate needs,” including the future of the options exchange’s trading floor in the current Cboe headquarters at 400 South LaSalle Street, according to Crain’s.

[Crain’s] — John O’Brien

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