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321 North Clark at Riverfront Plaza
Chicago, IL

Completed in 1987, the 896,502-square-foot 321 North Clark at Riverfront Plaza has been recognized internationally as a premier example of Chicago's modern architectural legacy. As a joint venture partner, Hines acquired the property in April 2001.

The investment was priced to capitalize on the expiration of over 90 percent of the building leases in the first 18 months of the hold period by re-leasing the available space at higher market rental rates while reducing operating expenses and real estate taxes. When the second of the two major tenant's leases expired, over 80 percent of the vacant space had been re-leased.

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SUMMARY

Address
321 North Clark Street
Chicago, IL

Location
North bank of the Chicago River overlooking the central business district, anchoring the River North mixed-use district and near Michigan Avenue

Hines' Role
Acquisition
Owner
Property Manager

Architect
Skidmore, Owings & Merrill

Net Rentable Area
Office:
896,502 sq. ft.
(83,285 sq. m.)

Major Tenants
American Bar Association
Foley & Lardner
Littler Mendelson

Sustainability
ENERGY STAR 2007-2012
LEED Gold 2011

Contact Information
Mark Anderson, General Property Manager
312-288-2900

Copyright © 2001-2014 Hines. All rights reserved. Hines and the Hines logo are registered trademarks of Hines.

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Copyright © 2001-2013 Hines Interests Limited Partnership. All rights reserved. Hines and the Hines logo are registered trademarks of Hines Interests Limited Partnership.