Asking gross lease rates at the building co-owned by Prime Group Realty Trust start at $18 per sf. The average lease rate at the building is $30.10 per sf, according to the REIT's most recent supplemental report. The deal boosts occupancy at the 945,000-sf office building overlooking the Chicago River, where the REIT makes its headquarters, to 92%.
After acquiring Ross & Hardies, McGuireWoods LLP now has 180 lawyers in its Chicago office, one of 15 it has in the US. At least three other tenants at 77 W. Wacker Dr.—-RR Donnelly & Sons (241,569 sf), Wachovia Securities (197,384 sf) and Jones Day (140,179 sf)--have larger space blocks in the building.
Bob Chodos of the John Buck Co. represented McGuireWoods.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
