Congress Center is a 16-story, Class A, office tower containing approximately 524,784 square feet. The property was constructed in 2000, and 14 months later opened its doors 64% pre-leased. Congress Center is one of the most ingenious and successful development projects to be built in Chicago in the last decade. Congress Center is 90% leased to eight major tenants with some of the largest being: General Services Administration (GSA)- US Department of Treasury, with a 109,460-square-foot lease expiring in 2012-2013; North American Company for Life and Health Insurance (NACOLAH) with a 100,890-square-foot lease expiring in 2012; AKZO Nobel, Inc., with a 90,137-square-foot lease expiring in 2013; and Amtrak with a 49,765-square-foot lease expiring in 2011.
Congress Center is located at the Southwest corner of Canal and Van Buren street. The property offers a 40-car, executive indoor parking garage and a 1,700-car parking garage. The property is located in Chicago’s West Loop submarket, the most prominent corporate concentration within Chicago’s Central Business District. Located within the West Loop's Clinton Street Corridor, the Congress Center is just a few blocks down from the Sears Tower; the largest building in Chicago. The location offers unparalleled access to Chicago’s interstate highway system, rapid transit network, commuter rail stations and parking garages.
The West Loop Submarket is the second largest in the five submarkets. Consisting of over 25 million square feet, it is also the "newest," with the bulk of the neighborhood developing since 1980. The West Loop Submarket, in which the Congress Center is located, continues to establish itself as one of the most safe and stable markets in Chicago. Numerous corporations surround the area such as Boeing, UBS, USG, Chicago Mercantile Exchange and Marsh McLennan. |
