Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Chicago Tribune Will Exit Downtown After Nearly a Century
The Chicago Tribune and its parent company will relocate from Prudential Plaza at the end of January, the Tribune’s Ryan Ori reported. The move leaves the city’s largest newspaper without a downtown office less than three years after its exit from the landmark Tribune Tower, its home for nine decades.
The newsroom will move to the Freedom Center printing facility along the Chicago River north of downtown, employees were told in a memo Monday afternoon.
“Our decision to move our offices from Prudential to Freedom Center helps to reorganize our physical footprint as we continue to navigate the pandemic, position the company for long-term sustainability and ensure the health of our organization for the future,” said a Tribune Publishing spokesman.
The spokesman didn’t say whether the company has negotiated a buyout of the 137,000-square-foot lease with Sterling Bay or intends to try subleasing the space to other tenants.
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
