Chicago Team Takes Over 37-Story, 733,759 SF Office in West Loop Submarket
July 15, 2020
CHICAGO – Transwestern Real Estate Services (TRS) announces it has been selected by Allianz Real Estate, acting on behalf of Allianz group of companies, and Manulife Investment Management to provide exclusive leasing services for 191 N. Wacker Drive, a 37-story, 733,759-square-foot, Class A office building located in the West Loop submarket. Senior Vice Presidents Katie Steele and Kathleen Bertrand and Midwest President Mike Watts will provide leasing services on behalf of the owner.
“This building has always performed very well, and we are excited for the opportunity to continue driving leasing momentum on behalf of Manulife Investment Management and Allianz Real Estate,” said Watts. “Transwestern’s creative approach complements ownership’s overall objectives for the building.”
The building is 96% leased but will have a 100,000-square-foot block of availability in 2022. These high-rise floors offer expansive views of the Chicago River and cityscape. In 2017, ownership completed significant building upgrades to the lobby, tenant lounge, conference center, and mechanicals. The property also offers 150 parking spaces.
191 N. Wacker is within walking distance to the Riverwalk, the River North entertainment and dining district and both the Clark/Lake and Washington/Wells “L” stations, as well as Ogilvie Transportation Center and Union Station.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.
About Manulife Investment Management’s Real Estate Platform?
Manulife Investment Management's Real Estate platform develops and manages commercial real estate for thousands of customers around the globe. Its portfolio includes millions of square feet of office, industrial, retail and multifamily space strategically located in major metropolitan markets. The Real Estate team leverages its global platform and local expertise to provide market-leading solutions for its tenants and deliver results for its clients.
As at March 31, 2020, the Real Estate portfolio totaled over 62 million square feet. Additional information can be found at www.manulifeim.com/realestate.
About Allianz Real Estate
Allianz Real Estate is the dedicated real estate investment manager within the Allianz Group and has grown to become the world’s largest investor in real estate. The firm develops and executes worldwide tailored portfolio and investment strategies on behalf of a range of global liability driven investors, including Allianz companies, creating value for clients through direct as well as indirect investments and real estate loans. The operational management of investments and assets is performed out of 23 offices in key gateway cities across 5 regions (West Europe, North & Central Europe, Switzerland, USA and Asia Pacific). As at 31 December 2019, Allianz Real Estate held 73.6 billion euros assets under management. For more information, please visit: http://www.allianz-realestate.com