Welcome!

News Feed Item

Chicago's Citadel Center Retains Namesake Financial Services Tenant

222,416-square-foot lease renewal keeps key headquarters in Chicago

CHICAGO, Nov. 20, 2012 /PRNewswire/ -- Dearborn Capital Group, owners of the Citadel Center in downtown Chicago, announce the long-term renewal of its namesake tenant, financial services powerhouse Citadel LLC. The Citadel Center has entered into a long term lease extension with Citadel LLC for 222,416 square feet, or the top six floors of the building.

(Photo: http://photos.prnewswire.com/prnh/20121120/CG17109)

Citadel Center, a Class A tower that opened in 2003 with Citadel as its anchor tenant, is a 39-story, 1.4-million-square-foot high rise in the heart of Chicago's Loop at the corner of Dearborn and Adams streets. Designed by Ricardo Bofill of Barcelona, the technology-intensive building mixes a contemporary seamless glass curtain wall with classically inspired elements at its base.   In addition to the Citadel headquarters, the building also hosts tenants J.P. Morgan Chase and three major law firms, Seyfarth Shaw, Holland & Knight and Perkins Coie.   

Given the data-intensive nature of Citadel's diversified financial services and investment businesses, the building's technology infrastructure and unique raised floors were critical in Citadel's original evaluation of the building and remain differentiators today. The installation of raised floors throughout the building delivers superior air quality and offers significant technology installation and maintenance cost savings versus traditional office buildings. The building's infrastructure also provides multiple power and cooling redundancies that protect critical operations from disruptions.  

"We are very pleased that Citadel has reconfirmed its commitment to its namesake building," said Oren Richland, Principal with Dearborn Capital Group, owners of the building. "Citadel's financial strength and international name recognition is very much in line with the building's trophy class status and international design appeal."  

Dearborn Capital Group was represented by Brian Whiting of The Telos Group, LLC working together with Mark Baby of J.F. McKinney & Associates Ltd. Citadel was represented by Todd Lippman of CBRE's downtown Chicago office, working jointly with John Nugent and Andrew Sussman of CBRE's New York office.

About The Telos Group, LLC  
The Telos Group, LLC provides leasing, marketing and consulting services for Chicago area building owners and consulting services for real estate businesses nationwide. Formed in 2012, Telos Group combines industry expertise with goal-driven processes to implement progressive and aggressive solutions for its clients. On behalf of its property owner clients, The Telos Group is currently leasing more than seven million square feet in exclusive leasing assignments. To learn more about The Telos Group LLC, visit www.telosgroupllc.com.

Media Contacts:


Brian Whiting, The Telos Group, LLC

Margy Sweeney, Akrete Communications

[email protected]

[email protected]

312-505-4140

312-612-0343

SOURCE The Telos Group, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Behera Rasananda is a technologist, a leader, a key note speaker has more than 20 years experience in across Government, Financial, Heath Care and Insurance Verticals. Mr. Behera has vast experience in Enterprise Cloud and Big Data solutions and Enterprise Architecture. Currently he works closely for Government Solutions on Enterprise Cloud for Federal Government Agency. Scientist Behera managed and partner with clients to make complete end to end solution and Migration to cloud both private sec...
All zSystem customers have a significant new business opportunity to extend their reach to new customers and markets with new applications and services, and to improve the experience of existing customers. This can be achieved by exposing existing z assets (which have been developed over time) as APIs for accessing Systems of Record, while leveraging mobile and cloud capabilities with new Systems of Engagement applications. In this session, we will explore business drivers with new Node.js apps ...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
The now mainstream platform changes stemming from the first Internet boom brought many changes but didn’t really change the basic relationship between servers and the applications running on them. In fact, that was sort of the point. In his session at 18th Cloud Expo, Gordon Haff, senior cloud strategy marketing and evangelism manager at Red Hat, will discuss how today’s workloads require a new model and a new platform for development and execution. The platform must handle a wide range of rec...
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of ...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.