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Northern Trust Inks $462K-SF at Chicago’s ‘Big Red’ Building

Northern Trust Corp. leased 462,000 square feet in CNA Financial’s “Big Red,” 45-story building, and plans to shift 2,500 to 3,000 employees there from multiple Chicago locations in 2020. Northern Trust’s move to the Loop office tower at 333 S. Wabash Ave., is not expected to affect the company’s headquarters at 50 S. LaSalle St.

The deal includes signage, as well as naming rights, and is the second-largest office lease in downtown Chicago (largest: Bank of America’s 490,000-square-foot deal).

CNA is moving to a new 35-story tower on Franklin Street that developer John Buck Co. is building. As part of that anchor tenant deal, John Buck and partner, Morgan Stanley, bought CNA’s 1.2 million-square-foot red building for 108 million.

CBRE’s Todd Lippman, Todd Doney, James Whalen, Maura Mahoney and Scott Brandwein represented the tenant. NKF’s Bill Rolander and Jon Cordell represented the landlord.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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