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AmTrust RE Renews Leases Totaling 20K SF in Chicago’s Central Loop

AmTrust RE is seeing the firm’s $50 million commitment for a capital improvements program at two of its downtown Chicago office properties pay off. In September 2023, AmTrust announced major overhaul plans for 33 North Dearborn and One East Wacker.

Now, the firm has completed two office renewals totaling over 20,000 square feet of space at 33 North Dearborn, AmTrust’s 330,000-square-foot office property. Situated within the Central Loop, the property offers amenities including a fitness center, conference space and street-level retail. The two tenants, Heyl, Royster, Voelker & Allen, P.C. and KIPP Foundation, renewed their leases for 13,383 square feet and 6,617 square feet, respectively. 

“We’re pleased that our properties in Chicago continue to resonate with the needs of today’s tenants, and our ongoing capital improvements program at 33 North Dearborn will solidify the desirability of this office property for years to come,” said Jonathan Bennett, President of AmTrust. Construction is underway, and the ongoing improvements are part of the initial stage of the company’s $100 million commitment to upgrading its Chicago portfolio.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.