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CHICAGO-The building’s original layout as well as an infusion of new technology during a recent $80-million renovation helped 175 W. Jackson Blvd. land a tenant for 67,890 sf. Order-execution and trade-clearing firm O’Connor & Company, LLC moved from 401 S. LaSalle St., one block south of the former Insurance Exchange Building.

“One of the reasons we chose 175 W. Jackson was that it allowed us to consolidate a large amount of square footage on one floor,” says William C. Floersch, president and chief executive officer of O’Connor & Company. “The building also provides the latest in high-technology infrastructure.”

O’Connor & Company, which was represented by Insignia/ESG, staked out the entire fourth floor in a 15-year lease. Leasing director Menahem Deitcher represented the 89-year-old building’s ownership.

Although terms of the deal were not disclosed, CBD net rental rates range from $18 per sf to $30 per sf, according to U.S. Equities Realty’s third-quarter office report. That would make the deal worth between $18.3 million to $30.6 million.

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