The deal claims 10.5% of the available retail space at the base of the 1.5-million-sf, $355-million office tower anchored by Bank One. Lender approval is among the conditions that must be met before Walgreens can move in. Nearly 500,000 sf of office space also remains available, according to the REIT, in the building that also fronts State Street.
"Walgreens' choice of Bank One Corporate Center should help cement interest in the location for our other retail prospects and provides a convenient amenity for our office tenants," says Prime Group Realty Trust co-president and CIO Jeffrey A. Patterson.
With the development of the building, formerly named Dearborn Center, as well as the demise of accounting giant Andersen, Bank One has emerged as the largest office tenant in Prime Group Realty Trust's portfolio. Citadel Investment Group, LLC and Holland & Knight, LLP also are major tenants at Bank One Corporate Center.
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