"The economic proposition put together by the State of Illinois and our real estate partners at Jones Lang LaSalle along with the building's amenities and proximity to public transportation options were the deciding factors in choosing this location. We conducted an exhaustive search of downtown and suburban properties and were impressed with all that 111 East Wacker could offer our employees," says Carlos Sierra, COO of Combined Insurance.

As part of the deal, Federal Home Loan Bank canceled its lease in the building to give Combined Insurance a full three floors. Jack McKinney Jr. of J.F. McKinney & Associates, who represented landlord Parkway Properties, tells GlobeSt.com the company plans on renovating and improving the space before moving in this July.

Combined Insurance is moving back to the downtown area after looking through both city and suburban properties.

"A major factor in getting this deal done was the building's proximity to a convenient network of public transportation options, including the Red Line, which many Combined Insurance employees already use daily, as well as several CTA express bus routes that serve the city's near north side," McKinney tells GlobeSt.com. "The building's excellent in-house amenities package, which includes fitness and conferencing centers and myriad dining options, also played a significant role."

McKinney and colleague Brian Whiting represented Parkway Properties. Jones Lang LaSalle's Martin Horner, Eric Kunkel and Scott Ohlander represented Combined Insurance.