{"id":1004743630,"date":"2025-01-20T01:02:53","date_gmt":"2025-01-20T09:02:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004743630"},"modified":"2025-01-20T09:12:02","modified_gmt":"2025-01-20T17:12:02","slug":"chicago-tower-lands-50-ksf-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicago-tower-lands-50-ksf-lease\/","title":{"rendered":"Chicago Tower Lands 50 KSF Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004743633\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/one-pru-in-chicago-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago-edited.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One Pru in Chicago\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago-edited.jpg\" alt=\"Exterior shot of One Pru, a 41-story, 1.2 million square feet office building in Chicago.\" class=\"wp-image-1004743633\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/One-Pru-in-Chicago-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">Completed in 1955, One Pru was the first skyscraper built in Chicago after World War II. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The mental health company ComPsych Corp. has signed a long-term, 50,000-square-foot lease at One Pru, in downtown Chicago. <\/p>\n\n\n\n<p>The tenant will relocate from the current 152,000-square-foot space it occupies at NBC Tower and will establish its new headquarters on the 7th floor in the first quarter of 2027.<\/p>\n\n\n\n<p>Riverside Investment &amp; Development represented the ownership, while JLL worked on behalf of ComPsych.<\/p>\n\n\n\n<p>One Pru is part of the 2.3 million square-foot The Pru, previously knows as Prudential Plaza, which also includes the 1.1 million Two Pru. Wanxiang America Real Estate Group has been the majority owner since 2018. The company owns the property together with Sterling Bay.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/office-sector-outlook-2025\/\">What\u2019s Defining Office in 2025?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The tenant roster includes Wilson Sporting Goods, Clark Hill, Lessen, The Terry Group and Hubbard Radio, among others, according to CommercialEdge information. Back in September 2024, it was announced that Expansive will <a href=\"https:\/\/www.commercialsearch.com\/news\/expansive-to-open-7th-chicago-coworking-location\/\">occupy the 35th floor at Two Pru<\/a>, marking its seventh coworking space in the metro.<\/p>\n\n\n\n<p>Located at 130 E. Randolph St. and 180 N. Stetson Ave. in Chicago&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/uli-special-report-the-past-present-future-of-cbds\/\">central business district<\/a>, The Pru is across the street from Millennium Park and has access to multiple transportation options. Chicago O&#8217;Hare International Airport is 18 miles northwest of the property.<\/p>\n\n\n\n<p>JLL Executive Vice President Brian Means and Senior Vice President Kellen Monti worked on behalf of ComPsych, while Riverside\u2019s Senior Leasing Manager Annie\u00a0Kwasigroch, together with Senior Vice President Dan Heckman, represented the ownership.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-current-renovations-at-the-pru\">Current renovations at The Pru<\/h2>\n\n\n\n<p>Completed in 1955 and completely renovated in 2014, One Pru was the first skyscraper built in Chicago after World War II. The 41-story building features floorplates ranging between 22,000 and 70,000 square feet, 30 passenger elevators and 45,000 square feet of retail.<\/p>\n\n\n\n<p>The ownership invested $50 million in 2024 in a new renovation plan for The Pru, currently underway, <em>Crain&#8217;s Chicago Business <\/em>reported. The upgrades will include a 20,000-square-foot conference center, coworking spaces and an entertainment suite. <\/p>\n\n\n\n<p>Additionally, the outdoor deck will feature a pickleball court and a bar area. In the next two months, One and Two Pru will be connected through a glass-enclosed walkway, in order for tenants to easily access the 72,000-square-foot shared amenity space on the 11th floor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A mental health company will move to the new space in 2027.<\/p>\n","protected":false},"author":3619,"featured_media":1004743633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1491,13,21742,21747],"tags":[32796,51550,33248,51051],"class_list":["post-1004743630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-chicago","category-midwest","category-latest","category-office","tag-jll","tag-riverside-investment-development","tag-sterling-bay-company","tag-wanxiang-america-real-estate-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chicago Tower Lands 50 KSF Lease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"ComPsych Corp. signed a long-term, 50,000-square-foot lease at One Pru, in downtown Chicago. 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