CHICAGO-Oppenheimer & Co Inc. is moving its Chicago office from 311 S. Wacker Dr. to Citicorp Center at 500 W. Madison St., taking 40,853 sf on the top two floors. The boutique investment firm, which is expanding its clientele of institutional and high-net-worth customers, moves from its current location across Jackson Boulevard from Sears Tower in September after signing a 15-year deal.

Although financial terms were not revealed, published net lease rates at the building that rises atop Metra’s Ogilvie Transportation Center start at $18 per sf. At that rate, the deal would be worth more than $11 million. “The new space will help us attract top talent in the markets we service,” says Oppenheimer & Co. managing director Tom Fritzlen.

CB Richard Ellis senior vice president Bill Rogers and first vice president David Burden represented Oppenheimer & Co. in negotiations with John Murphy, senior vice president of MB Real Estate, exclusive leasing agents at Citicorp Center.

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