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Old April 13th, 2015, 02:05 PM   #261
desertpunk
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Morton Salt plans new HQ in West Loop


River Point

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A rendering of the River Point tower. The architect is Pickard Chilton. Rendering: Neoscape

Morton Salt's headquarters and a satellite office for Allstate are ticketed for a West Loop development along the Chicago River, continuing a run of deals for the two office towers under construction downtown.

Chicago-based Morton Salt is working to finalize a lease for two floors, or about 52,000 square feet, in the 52-story River Point tower being built at 444 W. Lake St., according to sources.

Morton Salt would join Northbrook-based Allstate and Boston-based LEK Consulting, the two most recent tenants to sign leases in the tower, for 13,250 and 26,000 square feet.

The newest deals continue the momentum of Houston-based Hines Interests, which is leading a development venture that includes Montreal-based Ivanhoe Cambridge and Chicago businessman Larry Levy. The venture now has commitments for more than 60 percent of the nearly 1.1 million square feet at River Point, said Greg Van Schaack, a senior managing director at Hines.

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Old April 13th, 2015, 02:08 PM   #262
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Old April 16th, 2015, 05:00 PM   #263
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chicago, chicago river, hines, river point, riverwalk, wolf point

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