Chicago & Midwest + Downtown + Office | June 2, 2023

Golub Capital Lists Wacker Drive Offices for Sublease

Golub Capital recently began marketing all of approximately 75,000 square feet that it occupies across five floors at 150 S. Wacker Dr. for sublease, reported Crain’s Chicago Business. However, the company, a tenant at 150 S. Wacker since 2006, plans to retain two floors for itself.

If Golub can find a taker for the space, it would cut its downtown Chicago office footprint by nearly one-third, as the company also occupies about 53,000 square feet in the neighboring building at 100 S. Wacker Dr., Crain’s reported. CBIZ Gibraltar Real Estate is marketing the space on behalf of the firm.

The listing pushes the amount of downtown Chicago office space available for sublease past eight million square feet, according to data from CBRE. That’s up from about six million square feet a year ago and 3.3 million square feet when the pandemic began.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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