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Change coincides with ownership’s efforts to upgrade iconic 2.1-million-SF complex
CHICAGO, March 27, 2013 — Jones Lang LaSalle announced today that the firm has been hired as the exclusive leasing agent for the two-building, 2.1-million-square-foot Illinois Center office complex — 111 East Wacker Drive and 233 North Michigan Avenue — in Chicago’s East Loop. The complex is owned by CommonWealth REIT and managed by Reit Management and Research LLC, Real Estate Services.
With this new assignment, JLL is now the exclusive office leasing agent for Newton, Mass.-based CommonWealth’s 3.35-million-square-foot Chicago portfolio, which, in addition to the Illinois Center complex, also includes the 1.5-million-square-foot 600 West Chicago property.
JLL’s Brian Atkinson, Monica Moore and Brad Despot will oversee leasing efforts at Illinois Center.
CommonWealth’s move to hire JLL coincides with the REIT’s efforts to dramatically reposition the Illinois Center buildings with an expansive plaza renovation, upgrades to the retail concourse and main building entrance improvements all designed by the renowned architectural firm Goettsch Partners. The projects are scheduled to commence May 2013 and will be completed in phases over the following 18 months.
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