Law Firms Eye Move to New BofA Tower
Illustrating the drawing power of new construction, two prominent law firms are reportedly in discussions to move to 110 North Wacker, the 1.4-million-square-foot office tower now going vertical. Crain’s Chicago Business reported that Morgan Lewis & Bockius and Jones Day both plan to relocate to the 55-story tower when it opens in 2020, although neither has finalized a lease.
Both firms would be relocating from 77 W. Wacker Dr. Their new spaces—80,000 square feet for Morgan Lewis and 140,000 square feet for Jones Day—would be comparable in size to their current ones.
Riverside Investment & Development and The Howard Hughes Corporation broke ground at 110 N. Wacker in June. Bank of America will anchor the property with 500,000 square feet, and Lincoln International has taken 60,000 square feet. Adding the law firms’ tenancies would bring the tower to more than 50% leased about two years before it opens.
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