{"id":1004283485,"date":"2018-12-04T05:16:38","date_gmt":"2018-12-04T13:16:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004283485"},"modified":"2022-12-08T11:45:23","modified_gmt":"2022-12-08T19:45:23","slug":"hines-kicks-off-1-2-msf-salesforce-tower-chicago","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-kicks-off-1-2-msf-salesforce-tower-chicago\/","title":{"rendered":"Hines Kicks Off 1.2 MSF Salesforce Tower Chicago"},"content":{"rendered":"
\"Salesforce<\/a>

Salesforce Tower Chicago (image courtesy of Steelblue)<\/p><\/div>\n

Hines has just announced the launch of Salesforce Tower Chicago, a 1.2 million-square-foot office building to sprout up at the 4-acre Wolf Point riverfront development in downtown Chicago. Software company Salesforce will anchor the 60-story building, having signed a lease for 500,000 square feet to accommodate the expansion of its regional headquarters.<\/p>\n

Salesforce Tower Chicago constitutes the third phase of Wolf Point, a $1 billion mixed-use destination that Hines and the Joseph P. Kennedy Family joined forces to develop in 2008. The Salesforce lease gets the planned office project off the ground at a time when, according to a third quarter 2018 report by commercial real estate services firm Savills, large blocks of office space are a rarity in the central business district\u2019s River North neighborhood.<\/p>\n

\u201cWe continue to see intense demand for best-in-class office space along the Chicago River, and we believe that Salesforce Tower Chicago is well-positioned to satisfy this demand,\u201d<\/em> Will Renner, a director with Hines, told Commercial Property Executive<\/em>.<\/p>\n

\"Wolf<\/a>

Wolf Point (image courtesy of Hines)<\/p><\/div>\n

The 60-story Salesforce Tower Chicago will stand at 333 W. Wolf Point Plaza Drive and serve as the centerpiece of the Pelli Clarke Pelli Architects-designed Wolf Point master plan, which includes the Wolf Point West<\/a> and Wolf Point East luxury residential buildings. In addition to premier office space, Salesforce Tower Chicago will feature a host of amenities, including 24,000 square feet of commercial retail offerings.<\/p>\n

\u201cWe are in talks with additional companies interested in the remaining [office] space,\u201d <\/em>Renner said. \u201cBased on our experience, we anticipate that Salesforce\u2019s commitment to the project is likely to intensify interest from the tenant community.\u201d<\/em><\/p>\n

Construction of Salesforce Tower Chicago, which will be a model of sustainability with planned LEED v4 Commercial Interiors Platinum certification and ILFI Net Zero Carbon Certification, is on track to commence in early 2020.<\/p>\n

Repeat performances<\/strong><\/h2>\n

Salesforce Tower Chicago marks Hines\u2019 third partnership endeavor with Salesforce and Pelli Clarke Pelli. In May 2018, the 1.4 million-square-foot Salesforce-anchored Salesforce Tower in San Francisco made its official debut, co-developed by Hines and Boston Properties. And in November of this year, Hines announced Salesforce had signed a lease to occupy the entire 325,000-square-foot office segment of a mixed-use project Hines will develop in a joint venture at San Francisco\u2019s Transbay Parcel F.<\/p>\n

Salesforce Tower Chicago is scheduled to reach completion in 2023. The project marks one of Salesforce\u2019s six Tower investments, which, in addition to Chicago and San Francisco, are located in New York, London, Indianapolis and Indiana.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company’s 500,000-square-foot lease paves the way for the final phase of the Wolf Point mixed-use destination.<\/p>\n","protected":false},"author":969,"featured_media":1004283491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,21743,21782,21808,13,21752,21742,21747],"tags":[32797,32779,34918,33611,34107],"class_list":["post-1004283485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-deals","category-development","category-featured","category-midwest","category-mixed-use","category-latest","category-office","tag-hines","tag-leed","tag-pelli-clarke-pelli-architects","tag-salesforce","tag-savills"],"acf":[],"yoast_head":"\nHines Kicks Off 1.2 MSF Salesforce Tower Chicago - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-kicks-off-1-2-msf-salesforce-tower-chicago\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Kicks Off 1.2 MSF Salesforce Tower Chicago\" \/>\n<meta property=\"og:description\" content=\"The company's 500,000-square-foot lease paves the way for the final phase of the Wolf Point mixed-use destination.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-kicks-off-1-2-msf-salesforce-tower-chicago\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-04T13:16:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:45:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/Salesforce-Tower-Chicago.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-kicks-off-1-2-msf-salesforce-tower-chicago\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-kicks-off-1-2-msf-salesforce-tower-chicago\/\",\"name\":\"Hines Kicks Off 1.2 MSF Salesforce Tower Chicago - 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