UBS RENEWS 400,000-SQUARE-FOOT LEASE AT ONE NORTH WACKER DRIVE

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CHICAGO — UBS has renewed its lease of 400,000 square feet of office space at One North Wacker Drive in downtown Chicago. The financial company will occupy 13 floors of the 51-story, 1.4 million-square-foot office tower, which is currently 98 percent leased. UBS will be consolidating its operations from 181 W. Madison St. to One North Wacker when the lease begins in 2012. Jack Keenan and Robert Schmidt of Jones Lang LaSalle represented UBS in lease negotiations. Tom D’Arcy, Tom Irvine and Agnes Olejniczak provided in-house representation for the owner/manager, Hines U.S. Core Office Fund LP. Terms of the lease were not released.

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