United Airlines Inks 130,000-SF Deal; Microsoft, Greenberg Traurig Announce Expansions in Busy Month for Central Loop Tower
United Airlines Inc. (NASDAQ: UAUA
) is relocating its headquarters to 77 West Wacker Drive from Elk Grove Village. The firm made it official earlier this month signing a lease contract to occupy approximately 130,000 square feet. United is due to move in April of 2007.
Earlier this year, United made public its plans to move its headquarters from suburban Elk Grove Village, likely to downtown Chicago. In a public statement back in July, the city of Chicago indicated that United Airlines would be receiving $5.25 million in tax increment financing (TIF) and $1.35 million in grants from the Illinois department of commerce.
David Matthews, Steve Stratton and Molly Carroll, all of The Staubach Co., represented United Airlines. Daniel J. Nikitas was the in-house representation for the landlord, Prime Group Realty Trust.
To round out a busy month of negotiations at the Central Loop high-rise, global law firm Greenberg Traurig and software giant Microsoft have both agreed to lease expansions.
Greenberg Traurig's 22,565-square-foot expansion brings the group's occupancy to slightly more than 100,000 square feet. Microsoft will occupy about 47,000 square feet following its deal for an additional 12,391 square feet.
Gregory L. Gerber and Ari Klein of The John Buck Co. handled the deal for Greenberg Traurig. Steve Steinmeyer and Chris Kelson of Jones Lang LaSalle represented Microsoft.
77 West Wacker Drive is a 959,719 square-foot, 51-story landmark building located on the south bank of the Chicago River at Wacker Drive and Clark Street. This class-A office building was among the winners for the 2006 TOBY Awards.