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This Week's Most Popular

Unlocking Building Value Through Repositioning

Published Thursday, December 01, 2005

One of the most striking buildings on Chicago's skyline is CNA Center. Since it was built in 1972, the 1.3 million sq. ft. red tower has operated as a single-tenant structure. During the past few years, however, its lone occupant, business insurer CNA, has become more strategically focused, concentrating solely on its property and casualty business. The result is a smaller company with approximately 250,000 rentable, vacant sq. ft. in its signature Chicago tower. To fill that space, CNA made the decision to open the building to multiple tenants for the first time. Market conditions are forcing many ...

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