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Howard Hughes Corp. starts construction on 55-story Chicago office tower

Jun. 15, 2018 9:03 AM ETHoward Hughes Holdings Inc. (HHH) StockBy: Liz Kiesche, SA News Editor9 Comments
  • Howard Hughes Corp. (NYSE:HHC) starts construction on 110 North Wacker, which will be 1.4M square-foot, 55-story office building in downtown Chicago.
  • A collaboration of HHC and Riverside Investment & Development, the building is more than 30% pre-leased (about 500,000 square feet) to Bank of America (BAC); Lincoln International is leasing about 60,000 square feet.
  • The partners obtained a $495M loan from BAC and JPMorgan Chase, along with an equity investment by USAA Real Estate.
  • The building is expected to be completed Q4 2020.
  • Source: Press Release
  • Previously: Howard Hughes Corp. buys site in New York City's Seaport district (June 12)

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