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Chicago & Midwest  + Illinois  + Office  | 

Northern Trust Inks $462K-SF at Chicago’s ‘Big Red’ Building

Northern Trust Corp. leased 462,000 square feet in CNA Financial’s “Big Red,” 45-story building, and plans to shift 2,500 to 3,000 employees there from multiple Chicago locations in 2020. Northern Trust’s move to the Loop office tower at 333 S. Wabash Ave., is not expected to affect the company’s headquarters at 50 S. LaSalle St.

The deal includes signage, as well as naming rights, and is the second-largest office lease in downtown Chicago (largest: Bank of America’s 490,000-square-foot deal).

CNA is moving to a new 35-story tower on Franklin Street that developer John Buck Co. is building. As part of that anchor tenant deal, John Buck and partner, Morgan Stanley, bought CNA’s 1.2 million-square-foot red building for 108 million.

CBRE’s Todd Lippman, Todd Doney, James Whalen, Maura Mahoney and Scott Brandwein represented the tenant. NKF’s Bill Rolander and Jon Cordell represented the landlord.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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