Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-Chicago Community Trust, one of the largest local foundations in the US, is taking 23,232 sf at 111 E. Wacker Dr., relocating to larger quarter from 222 N. LaSalle St. In addition to picking up 5,000 sf, Chicago Community Trust took advantage of more functional space as well as more flexible lease terms, brokers involved in the deal say.

The building’s owners, Carlye Group and Lincoln Property Co., took the Illinois Center office tower off the market this summer after a Phoenix-based company backed off its $150-million bid for the property. That followed an offer by Jackson, MS-based Parkway Properties, Inc., which offered $130 million for the 1-million-sf building before buying a neighboring Illinois Center office property, 233 N. Michigan Ave.

Chicago Community Trust was represented by a Julien J. Studley, Inc. team that included corporate managing director Lisa Davidson, executive vice president Richard Schuham and associate Dawn Clayton. Managing director of project management services Rich Dale will oversee the tenant improvements as well as the move.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.