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Finance Firm Nearly Triples Footprint in Move to 110 N. Wacker
Headlands Technologies, founded by former Citadel executives, has leased around 45,000 square feet on two of the top three floors at Oak Hill Advisors’ 110 N. Wacker Dr., reported Crain’s Chicago Business. Headlands will relocate to the new office from roughly 16,000 square feet it leases currently on the 46th floor of the office tower at 444 W. Lake St.
Sources familiar with the lease terms told Crain’s the company’s annual rent will be more than $50 per square foot before taxes and operating expenses, which landlords typically pass along to tenants. That would be among the highest rents ever paid for an office in Chicago.
Headlands will be located just below private-equity firm Linden Capital Partners. Linden recently leased the top floor, reportedly for a similarly high rent in the skyscraper, which was completed in late 2020 and is formally known as Bank of America Tower
- ◦Lease
