Los Angeles-based Houlihan Lokey has leased 57,388 square feet of Class A office space at 111 South Wacker Drive for its Chicago office, according to Cushman & Wakefield.
The global investment bank and advisory firm’s Chicago office will span the 37th and 38th floors at 111 South Wacker by mid-2016.
111 South Wacker, designed by Lohan Caprille Goettsch Architects and completed in 2005, stands at 51 stories tall, making it one of the tallest buildings in the city. The building is noted for its unique parking ramp, a cyclical form that creates a dramatic sloped ceiling for the building’s main lobby underneath. The building is also noteworthy for its sustainable design, becoming the first-ever project to be certified LEED-CS Gold by the U.S. Green Building Council.
Located in Chicago’s West Loop submarket, the demand for high-end space remains strong. In the second quarter of 2015, the West Loop accounted for just over 40% of all Class A leases in the CBD, far and away the largest percentage amount of six CBD submarkets. The Houlihan Lokey lease ranks as one of the largest signed thus far in the CBD for the third quarter, which draws to a close at the end of September.