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ComEd Plans Electrical Substation at Former Home of CME Trading Floor
Commonwealth Edison has paid $39.5 million for the 288,000-square-foot 333 S. LaSalle St., which formerly housed CME Group’s historic trading floor, Crain’s Chicago Business reported. ComEd plans to turn it into a new electrical substation slated to open in 2026.
The sale marked a formal end to an era of open-outcry trading pits, in keeping with CME Group’s announcement last May. Its in-person trading floors were shuttered at the beginning of the pandemic, and the exchange later said almost all of those floors would be permanently closed.
For ComEd, the trading-floor building will help it address a need to meet growing demand for power.
“This new space in the former trading pits of the Chicago Board of Trade will allow for the expansion of our electric facilities so we can continue to reliably power downtown Chicago and provide resiliency to extreme weather,” the company said in a statement.
- ◦Sale/Acquisition
- ◦Development