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Deal is the third-largest to be completed in Chicago’s CBD in 2013
CHICAGO, June 24, 2013 — Jones Lang LaSalle, the exclusive leasing agent for Chicago’s NBC Tower, announced today that the building’s anchor tenant, ComPsych Corporation, has renewed and expanded its U.S. headquarters lease to128,381 square feet at the iconic, 37-story, 850,000-square foot, Class-A office tower.
ComPsych, founded by Chicago entrepreneur Dr. Richard A. Chaifetz, the company’s chairman and CEO, is the world’s largest provider of employee assistance programs. The company has signed a long-term extension of its lease for 104,910 on floors 10 through 13 and is also expanding by 23,471 square feet, taking the entire 14th floor.
Jones Lang LaSalle’s Melissa Rubenstein and Gary Kostecki completed the transaction on behalf of the building’s owners, Metropolis Investment Holdings Inc., while Todd Lippman and James Whalen of CBRE represented ComPsych. The transaction was the third-largest to be completed in the Chicago CBD so far this year.
“It is always extremely gratifying for a building owner when a long-time tenant of the global reputation of ComPsych affirms its long-term commitment to the building,” said Tom Prescott, President of Metropolis Investment Holdings. “It’s a true testament to our leasing and management teams as well as the truly world-class asset that we have in NBC Tower.”
Designed by Skidmore Owings & Merrill and completed in 1989, the stunning art deco style building features office floor plates ranging in size from 18,000 to 30,000 square feet.
Among the amenities are the new Cityfront Café restaurant and Chicago’s only espressamente illy gourmet Italian coffee shop. NBC Tower also offers parking for more than 600 automobiles (including 263 indoor parking spaces) and a new conference center and fitness center.
A variety of vacant spaces are available for immediate lease including approximately 90,000 square feet of contiguous space on floors 16 through 20.About ComPsych CorporationComPsych® Corporation is the world’s largest provider of employee assistance programs (EAP) and is the pioneer and worldwide leader of fully integrated EAP, behavioral health, wellness, work-life, HR and FMLA administration services under the GuidanceResources® brand. ComPsych provides services to more than 19,000 organizations covering more than 53 million individuals throughout the U.S. and over 120 countries. By creating “Build-to-Suit” programs, ComPsych helps employers attract and retain employees, increase employee productivity and improve overall health and well-being. For more information, visit www.compsych.com and follow us on Twitter: http://twitter.com/ComPsych.About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying, and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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