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Chicago & Midwest  + Downtown  + Office  | 

PNC Bank Extends Lease at PNC Centre

PNC Bank has signed a long-term lease extension for its downtown Chicago office, pivoting from reported plans to move to Wacker Drive.

In addition to the extension, upgrades will begin this year on the PNC Centre in Chicago’s Central Business District at One North Franklin, where the Pittsburgh-based financial services firm has been located since 2008. The 617,000-square-foot property is managed by MetLife Investment Management, reported the Chicago Business Journal.

“This is PNC’s third major investment in the space since PNC received naming rights for the PNC Centre in 2011,” said Scott Swanson, PNC regional president for Illinois and Midwest territory executive, in a statement.

Capital improvements will include the installation of fresh, bold designs to highlight PNC’s brand image and a full-floor, building-wide amenity space will be created on the 36th floor. EWP Architects is the design firm for the project and the renovations are slated to be completed in 2025.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.