Quote:
Originally Posted by bnk
Is it possible that this thing could be fully filled within a year of ending final construction?
If so wow what a winner investment this was.
How much space is left btw, still over a million sq feet I suspect.
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Here is the list they have signed so far:
1. Walgreen (6/18/2018) 200000 sf,
2. Ferrara Candy (11/2/2018) 60000 sf
3. Chicago Metropolitan Agency for Planning (1/9/2019) 47000 sf
4. AbelsonTaylor (2/22/2019) 85000 sf
5. Home Chef (4/22/2019) 75000 sf
6. 84.51, 57000 sf
7. Uber (8/19/2019) 463000 sf
That's 987000 sf
Three are still under discussion
- Federal Home Loan Bank of Chicago 125000 sf
- Cisco Systems 130000 sf
- CBOE 175000 sf
The three add up 430000 sf
They have 2.5 million sf for lease. So provided that the above three finalize the lease, that will leave just a bit over 1 million sf remaining. According to news in June, they were well ahead of their schedule in finding tenants, so they had set up a new goal to lease 75% by the end of this year. With several high profile tenants, it's showing good momentum. I think they can easily reach or even surpass the goal.