In 2008, Hines, on behalf of its U.S. Core Office Fund L.P., acquired One North Wacker in the West Loop submarket of Chicago’s Central Business District, from a German investment fund managed by RREEF, a unit of Deutsche Bank A.G. The 51-story, 1.4 million-square-foot office tower is located at One North Wacker Drive at Madison Street, in close proximity to Ogilvie & Union commuter train stations.
The property was designed by the architectural firm Goettsch Partners, and it was completed in 2001. One North Wacker features a stainless steel and glass exterior and large, highly efficient, virtually column-free floor plates. Building amenities include a 9,000-square-foot conference center and a health club facility.
Parking is provided in a two-level, 230-space garage. Hines sold the project in 2015 but continues to manage the building.