—U.S. Bank has expanded its lease at 190 S. LaSalle in Chicago to almost 110,000 sq. ft., allowing the company to gain the rights for the newly named U.S. Bank Building here.
The company had leased 66,000 sq. ft. at the property in March 2011, and now has expanded thatby 43,370 sq. ft. The firm’s Andrew Davidson, EVP/Managing Director, Jay Beadle, SVP and David Burkards, SVP completed the lease expansion on behalf of U.S. Bank.
“After US Bank’s acquisition of a trust operation from Bank of America in 2010, we were hired to relocate this operation and provide a cost/benefit analysis for consolidating offices in existing locations versus relocating to a separate facility,” said Davidson in a statement. “This recent lease expansion at the property provides naming rights to the building as well as accommodates the relocation of additional US Bank offices from 550 W. Washington.”
Jon Copeland with CBRE led the lease team on behalf of ownership and works with Ron Lakin at the building. U.S. Bancorp is the parent company of U.S. Bank.