MB Real Estate has completed the sale of 20,315 square feet within 55 W. Wacker in Chicago to the Taipei Economic and Cultural Office in Chicago.
TECO-Chicago is overseen by the Taipei Economic and Cultural Representative Office in the United States and serves Taiwanese citizens in the Midwestern United States as well as the interests of the Republic of China (Taiwan). The organization has purchased the 13th floor and a portion of the 12th floor within 55 W. Wacker for its new Midwestern location. TECO-Chicago will relocate from its current offices within Two Prudential Plaza at 180 N. Stetson in Chicago this spring.
Building ownership was represented by Kevin Purcell, COO/EVP; Mark Buth, EVP/managing director of leasing; and Walter Hennig; SVP/asset management of MB Real Estate. TECO-Chicago was represented by Lisa Davidson and James Stein of Studley.
Located near Michigan Avenue on Wacker Drive in Chicago’s Central Loop, 55 W. Wacker is a 209,000-square foot, 15-story office property. Constructed in 1968, the Class B building features 14,250-square-foot floor plates available to lease or own. 55 W. Wacker combines expansive waterfront and skyline views with access to government and corporate offices, courthouses, public transportation, restaurants, hotels, retail and entertainment. The property is leased and managed by MB Real Estate.