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  #1041  
Old Posted Jan 25, 2018, 4:12 PM
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Originally Posted by Skyguy_7 View Post
@Leftofcenter Grapevine. 100k sq ft at least, which surprised me because I figured they’d need more space than that.
Well then, that's pretty damn exciting! I hope that the move is announced soon. I'm sure Rahm has drilled into the Amazon reps heads about Chicago being the relocation capital of the country. A move like this would add some more heft to that crown.
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  #1042  
Old Posted Jan 25, 2018, 4:17 PM
Vlajos Vlajos is offline
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Originally Posted by LouisVanDerWright View Post
Unfortunately 100k SF of Walgreens doesn't get me excited, that's like 7% of their Deerfield footprint. It's basically one floor of this building.
I agree 100k is not much. I had heard they were looking at 2-3 floors. 200-300K SF of space.

We'll have to wait and see.
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  #1043  
Old Posted Jan 25, 2018, 4:30 PM
the urban politician the urban politician is offline
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^ It could be the executive headquarters, though. Although I would still like to see more jobs than that.
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  #1044  
Old Posted Jan 25, 2018, 4:32 PM
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IF Walgreen's really does relocate to downtown, what major HQs are left in the burbs?
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  #1045  
Old Posted Jan 25, 2018, 4:49 PM
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IF Walgreen's really does relocate to downtown, what major HQs are left in the burbs?
Allstate, Baxter, Abbot, Abbvie are a few that come to mind.
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  #1046  
Old Posted Jan 25, 2018, 4:50 PM
Vlajos Vlajos is offline
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Originally Posted by the urban politician View Post
^ It could be the executive headquarters, though. Although I would still like to see more jobs than that.
Could be. I'd rather have the workers that take up 200-300K sf of office than a 100K SF HQ though.
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  #1047  
Old Posted Jan 25, 2018, 5:44 PM
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Allstate, Baxter, Abbot, Abbvie are a few that come to mind.
Mondolez, Discover, Takeda (All Walgreen neighbors)
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  #1048  
Old Posted Jan 25, 2018, 5:49 PM
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Discover would be a great candidate to move to the city. All the major financial companies in Chicago are in the Loop, to be near the CME/CBOE and to each other to share the employee pool. TransUnion, BMO/Harris, Northern Trust, OCC, etc.
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  #1049  
Old Posted Jan 25, 2018, 6:06 PM
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Originally Posted by Vlajos View Post
I agree 100k is not much. I had heard they were looking at 2-3 floors. 200-300K SF of space.

We'll have to wait and see.
Couldnt 100k be a test run for future? Or do you think this will be sold out by the time of opening. I've seen it a bunch of times, in highrises especially, but renting 1 floor turns into 3 or 4 floors the following 3-5 years. Depending how they and thier clients like it.
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  #1050  
Old Posted Jan 25, 2018, 6:12 PM
Vlajos Vlajos is offline
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Originally Posted by KWillChicago View Post
Couldnt 100k be a test run for future? Or do you think this will be sold out by the time of opening. I've seen it a bunch of times, in highrises especially, but renting 1 floor turns into 3 or 4 floors the following 3-5 years. Depending how they and thier clients like it.
Sure. I prefer they just start big, even if the HQ stays in Deerfield.
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  #1051  
Old Posted Jan 26, 2018, 4:05 PM
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When Walgreens announced opening the office at The Sullivan Center, Crains reported that they have a 16 building campus with 6,500 employees. Anyone knows if that is accurate?

It starts with a trickle.

Discover has about 4,000.
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  #1052  
Old Posted Jan 26, 2018, 6:45 PM
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Originally Posted by left of center View Post
Discover would be a great candidate to move to the city. All the major financial companies in Chicago are in the Loop, to be near the CME/CBOE and to each other to share the employee pool. TransUnion, BMO/Harris, Northern Trust, OCC, etc.
Most of Discover's footprint in Riverwoods is back-office stuff, I believe. Customer service, transaction processing, etc (although they apparently have these in Phoenix and SLC too). Not stuff that needs top-dollar downtown office space. If they do move downtown, I assume it would only be a handful of departments plus the C-suite.

Northern Trust admittedly put their back-office in a Loop-adjacent location on Canal, but I don't think anyone will ever get land that cheap again so close to the Metra stations.

Also worth noting that both Discover and Allstate started as units of Sears before being spun off into Fortune 500 companies in their own right. For anyone that doubts why we need Amazon (the new Sears), this is why.
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  #1053  
Old Posted Jan 26, 2018, 7:20 PM
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Originally Posted by ardecila View Post
Most of Discover's footprint in Riverwoods is back-office stuff, I believe. Customer service, transaction processing, etc (although they apparently have these in Phoenix and SLC too). Not stuff that needs top-dollar downtown office space. If they do move downtown, I assume it would only be a handful of departments plus the C-suite.

Northern Trust admittedly put their back-office in a Loop-adjacent location on Canal, but I don't think anyone will ever get land that cheap again so close to the Metra stations.

Also worth noting that both Discover and Allstate started as units of Sears before being spun off into Fortune 500 companies in their own right. For anyone that doubts why we need Amazon (the new Sears), this is why.
No. Riverwoods is all corporate functions. No customer service.
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  #1054  
Old Posted Jan 29, 2018, 11:16 PM
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I came across 2 webcams that are set up in the post office. They both seem to be offline and I'm not sure if they will come back up.

But you can still watch time lapses of the gutting of the inside of the building.

https://public.earthcam.net/jll#/Old...K%201/View%201
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  #1055  
Old Posted Jan 29, 2018, 11:45 PM
Chicagoguy Chicagoguy is offline
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I heard today that United has been actively looking at a move to the Post Office because they have already outgrown their current space in Willis Tower.
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  #1056  
Old Posted Jan 30, 2018, 3:21 AM
LouisVanDerWright LouisVanDerWright is offline
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Sorry Amazon, you missed out, no space left in Chicago...

Except for the giant brownfield sites we can offer in all directions from downtown...
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  #1057  
Old Posted Jan 30, 2018, 5:36 AM
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Originally Posted by LouisVanDerWright View Post
Sorry Amazon, you missed out, no space left in Chicago...

Except for the giant brownfield sites we can offer in all directions from downtown...
The entire corporate HQ of United and Walgreens shouldn't come close to filling the OPO. Especially if Walgreens only plans to move a portion of its Deerfield operations downtown. There will be plenty of space (at least the initial 500,000 sqft in the RFP) for Amazon to start with, and the land around the OPO as well as Union Station expansion project.

If anything, having existing tenants might make the OPO more attractive to Amazon. It can eventually buy out their leases and kick them out as it expands and grows.

This is of course assuming the OPO is Amazon's top prospect in Chicago, which it may or may not be. I frankly don't care where they land, as long as it's within city limits
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  #1058  
Old Posted Jan 30, 2018, 1:40 PM
marothisu marothisu is offline
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LOL.... the Old Post Office will have 2.7 million square feet of space. Amazon wants up to 8 million square feet. The proposal for the post office never included just the post office. It also includes the Union Station redevelopment as well as some vacant land to build new things on. Kind of ridiculous to throw this out even if it amounts to 500k square ft being taken.
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  #1059  
Old Posted Jan 30, 2018, 2:04 PM
Freefall Freefall is offline
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Come on, they were clearly joking
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  #1060  
Old Posted Jan 30, 2018, 4:15 PM
Kngkyle Kngkyle is offline
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Originally Posted by Chicagoguy View Post
I heard today that United has been actively looking at a move to the Post Office because they have already outgrown their current space in Willis Tower.
This implies there is no more space available in Willis Tower which is very much not true, even with the recent Morgan Stanley announcement. Also I find it hard to believe that Blackstone would be willing to let their main tenant of 850K sqft leave over lack of space in a building that has over 4m sqft.

I suppose it's possible that United got a hell of a discount on their lease and Blackstone feels that with the new investments they can re-lease the space at a much higher rate and so they're willing to let United walk.
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