Office Midwest

Chicago CBD posts impressive second quarter numbers

The downtown office market continues to recover at an impressive rate, with the first half of 2011 reporting the strongest numbers since 2007. Unfortunately, the dynamics working in its favor seem to be working against the suburban market as its office supply continues to struggle, according to Transwestern’s second quarter outlook.

Office Midwest

NAI Hiffman brokers suburban office deal for Sun Life

Sun Life Assurance Company of Canada has signed healthcare service provider Centene Corporation to a long-term lease at its 117,841-square-foot office asset located at 999 Oakmont Plaza Drive in Westmont, Ill. Centene will occupy 22,966 square feet, which brings the occupancy of the building to 86 percent.

Office Midwest

J.F. McKinney brokers 134,724 s.f. lease at 111 E. Wacker

J.F. McKinney & Associates has announced that Bankers Life & Casualty Insurance Company, a wholly owned subsidiary of CNO Financial Group, has signed an 11.5-year lease for 134,724 square feet, or four floors, of 111 East Wacker Drive, a high-rise Class A office building in Chicago’s East Loop. The insurance company will move its headquarters to the Parkway Properties Inc.-owned 111 East Wacker in February 2012.