Global reinsurance giant SCOR has signed a long-term lease for nearly 30,000 square feet at Willis Tower. SCOR will move its entire Chicago-area staff and operations to the building from suburban Itasca.
SCOR cited the building’s flexible open space, opportunities for future growth and the allure of Chicago’s urban environment to employees as key factors in its decision to move to Willis Tower.
“Our employees are our most important asset, and we strive to provide comfortable, collaborative work environments in dynamic urban locations,” said Henry Klecan Jr., president & CEO at SCOR. “The opportunity to start from a clean slate in a premier building that easily meets all of our current and future needs made it an easy decision for us to move to Willis Tower.”
The SCOR deal, combined with other recent new and renewal leases, caps off another strong year of leasing activity at the Willis Tower and increases the building’s occupancy to 88 percent.
“Willis Tower continues to appeal to the full spectrum of top-tier office users by providing numerous advantages including iconic status, strategic location and unparalleled amenities.” said Michael Kazmierczak, senior vice president of leasing for U.S. Equities Asset Management LLC.
Kazmierczak and Derek Rolison of U.S. Equities Asset Management LLC represented Willis Tower in the transaction and Phil Palmer of Avison Young, and Merrill Roth of Newmark Grubb Knight Frank represented SCOR.