Tishman Speyer Announces 80,000 Square Ft. Lease at 161 North Clark Street by Travelers Indemnity

Tishman Speyer’s Downtown Chicago Office Property is now 92 Percent LeasedTishman Speyer announced today that Traveler’s Indemnity Company has signed an agreement to lease 80,203 square feet at 161 North Clark Street in Chicago.  The transaction brings the building to 92 percent leased.  

The property will now be the home of the insurer’s local insurance, marketing and legal operations, which are being relocated from 200 North LaSalle Street.

161 North Clark is a 50-story, 1.1-million-square-foot Class A office tower located in Chicago’s central loop next to the Daley Center, Thompson Center and City Hall.  Home to a mix of prominent financial services, legal and insurance companies, the building’s amenities include abundant parking, an on-site fitness center, a conference center and access to underground pedestrian walkways to other buildings.  It is conveniently located next to the city’s theater district, prominent restaurants, hotels and public transportation.      

Tishman Speyer Senior Managing Director Casey Wold commented, “We’re extremely pleased to welcome Traveler’s, one of the world’s top insurance companies, to 161 North Clark.  They are a great addition to our blue-chip roster of tenants at 161 North Clark Street and we look forward to serving their office space needs for years to come.”

Traveler’s Indemnity was represented in the transaction by Scott Goldman of UGL Equis Corporation, Joseph Gordon and Jon Cordell of Tishman Speyer represented the building’s ownership.

About Tishman Speyer

Tishman Speyer is one of the leading owners, developers, operators, and fund managers of first-class real estate in the world. Since 1978, Tishman Speyer has acquired, developed and operated over 325 projects totaling over 116 million square feet and a property portfolio of over US$54.2 billion in total value across the United States, Europe, Latin America and Asia, including signature properties such as New York’s Rockefeller Center and Chrysler Center, Berlin’s Sony Center and Torre Norte in São Paolo, Brazil.

{Via PR Log}

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