Alliance Companies - advanced asset sourcing, underwriting, divesting and monetizing focus driven practices for FO | FOA, Corporate and Institutional Clients for 30+ years. Expanding Nationally and Internationally With 181 Offices

USG Headquarters

Chicago, Illinois
The Alliance Capital Global Locations: UNITED STATES

 
 
Building Square Footage:
305,000 sf /Office
Transaction Type:
Tenant Representation/Investment Divestiture
Overview:

  • New, 15-year, 305,000 sf HQ lease
  • New work environment aligned with business objectives
  • Lease governs the USG Building at 550 West Adams, Chicago, IL
  • USG installed in March 2007
  • $9.75 million City of Chicago TIF subsidy/incentive obtained
  • New lease $6 million per year less expensive than previous lease
  • USG flexibility to contract, expand, terminate or renew lease at preferred terms
  • USG option to purchase buildings
  • Eventual Investment divestiture from EU to Fund