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Exchange Operator Eyes Old Post Office for New HQ
Cboe Global Markets, the parent company of the Chicago Board Options Exchange, is negotiating a deal to move its headquarters to 601W Companies’ redeveloped Old Main Post Office. The deal would be for about 175,000 square feet, Crain’s Chicago Business reported.
If the deal is finalized, the options exchange operator would represent one of the largest leases to date at the long-vacant, 2.5-million-square-foot building, Crain’s reported. New York City-based 601W is reintroducing the property to the market after an estimated $900-million renovation.
Further, the negotiations raise questions about the future of the Cboe trading floor in the exchange operator’s headquarters at 400 S. LaSalle St., a 350,000-square-foot building the company developed in the early 1980s. Cboe still owns the property today and occupies 300,000 square feet there. It’s unclear what the company would do with 400 S. LaSalle if it were to leave its headquarters behind.
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