Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.