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Blue Cross & Blue Shield IL Parent Takes 100K SF in Pilsen
Health Care Service Corp. (HCSC), the parent company of Blue Cross & Blue Shield of Illinois, signed a 103,533-square-foot lease at Condor Partners’ Mural Park in the Pilsen neighborhood on Chicago’s West Side. The deal brings Mural Park to 63% leased.
Transwestern SVPs Jeff Dowdell and Katie Steele represented Condor Partners. JLL’s Sean Reynolds, Meredith O’Connor, Matthew Carolan, and Amy Berg represented HCSC.
“Mural Park is the preeminent office redevelopment project in Pilsen and Chicago’s Near South Side, and the long-term lease with HCSC validates this emerging submarket as the next prime office destination,” said Dowdell.
“Condor set out to prove that we can develop responsible, respectful and regenerative development in our neighborhoods,” said Michael McClean of Condor Partners. “We aligned the values of the project with the values of the community and were able to secure a 100,000-square-foot lease during a pandemic when millions of potential leases were canceled.”
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