Tishman Speyer Acquires Iconic Chicago Office Tower | Announcements | Tishman Speyer


Tishman Speyer Acquires Iconic Chicago Office Tower

Chicago, Illinois August 13, 2013

Tishman Speyer, a leading developer, owner and operator of world-class office properties, today announced the acquisition of 190 South LaSalle, an iconic Class A building located in the heart of Chicago. Financial terms were not disclosed.

Already Chicago’s largest commercial landlord, Tishman Speyer now owns 10 properties totaling approximately 10.4 million square feet in the city. These include CME Center, Franklin Center and 353 North Clark, among others.

Designed by architects Phillip Johnson and John Burgee and completed in 1987, 190 South LaSalle is one of downtown Chicago’s premier business addresses. In addition to its striking design and prime location, the 40-story, 800,000-square-foot tower offers tenants an unsurpassed array of amenities such as “The Library” business club, the popular AraOn restaurant, modern fitness and conference facilities, executive parking and an on-site concierge. The roster of office tenants includes Barclays Capital, U.S. Bank, Bain & Company and Duane Morris.

“As the U.S. economy improves, Chicago’s standing as the Midwest’s center for commerce is stronger than ever,” said Tishman Speyer Co-CEOs Jerry and Rob Speyer. “We feel Tishman Speyer is well positioned for the long term as the provider of high-quality office space to the region’s great business organizations, and 190 South LaSalle is an ideal addition to our local portfolio.”

About Tishman Speyer (www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America and Asia, Tishman Speyer is relied upon by many of the world's most prestigious corporations to meet their office space needs. As of March 31, 2013, the firm had acquired, developed and/or managed a portfolio of over 123 million sq. ft. with a total value of over USD $64.4 billion since its founding in 1978. Signature assets include New York's Rockefeller Center and the Chrysler Center, São Paulo's Torre Norte, Ventura Corporate Towers in Rio de Janeiro, and OpernTurm in Frankfurt. Tishman Speyer also has projects at different stages of development currently in Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Paris, Rio de Janeiro, São Paolo, San Francisco, Shanghai, Suzhou and Tianjin.