Jul
30
GATX Moves to Chicago’s Willis Tower
ByNKF’s Vice Chairman Melissa Copley negotiated the 90,000-square-foot lease at Chicago’s iconic tower. The tenant will relocate its global headquarters from 222 W. Adams St.
Rail car leasing firm GATX decided to trade Chicago’s Franklin for Willis Tower. The company signed a 90,000-square-foot lease at the iconic 110-story skyscraper, well in advance of its lease expiration at 222 W. Adams St. NKF’s Vice Chairman Melissa Copley negotiated the lease terms on behalf of GATX.
A NEW OFFICE IN A REVAMPED TOWER
GATX chose the former Sears Tower due to the perspective of working in a newly renovated place. At the beginning of the year, Equity Office, which is currently managing the tower, announced that the high-rise is slated for a $500 million investment which would completely transform the 3.8 million-square-foot building. The Willis Tower renovations will include:
