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BofA Commits to 500K-SF at Planned 51-Story Wacker Drive Tower

Bank of America reportedly committed to take 500,000 square feet at a planned 51-story office tower along the Chicago River, which would allow construction to start. The 1.35-million-square-foot building was approved by the city last month, and is being developed by Chicago-based Riverside Investment & Development and Dallas-based The Howard Hughes Corp.

The deal would be the trophy high-rise’s first tenant, and the largest transaction recently completed in downtown Chicago. The move is part of the Charlotte, N.C.-based bank’s efforts to consolidate Chicago operations.

The 110 N. Wacker Dr. site contains an existing low-rise building that serves as mall owner GGP’s HQ, which will be razed. The new tower features an expansive 40-foot tall lobby, a covered 45-foot wide riverwalk and floorplates ranging up to 30,000 square feet.

JLL is advising the bank in its office search. CBRE’s Drew Nieman, Sara Spicklemire and Christy Domin are handling the office leasing assignment.

 


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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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