Tishman Speyer Acquires Trophy Office Tower in Chicago | Announcements | Tishman Speyer

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Tishman Speyer Acquires Trophy Office Tower in Chicago

Chicago, IL December 15, 2010

Tishman Speyer today announced the acquisition of 353 North Clark, a trophy-quality office tower in Chicago’s River North submarket. Financial terms were not disclosed.

Designed by architect Dirk Lohan of Lohan Anderson, the 46-story, 1,184,000-square-foot Class A building offers breathtaking views along with first-class on-site and nearby amenities. The building is LEED® CS-Gold certified and was developed by Mesirow Financial Real Estate. Its largest tenants are Mesirow Financial and Jenner & Block.

“As the city’s largest owner of Class A office buildings, Tishman Speyer is well positioned to take advantage of market demand for the highest-quality space in Chicago. This property is a great addition to our world-class office portfolio, and the acquisition demonstrates our confidence in the Chicago market,” said Senior Managing Director Casey Wold.

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, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/or managed a portfolio of over 116 million square feet valued at over US$50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and OpernTurm, São Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.