Safety Science Group Opens 40 KSF Downtown Chicago Office

155 N. Wacker Drive rises 46 stories. Image courtesy of CommercialEdge

Safety testing and certification group UL Solutions has opened a new office at 155 N. Wacker Drive in Chicago, where it will occupy 40,000 square feet. The firm is expanding from its 766,000-square-foot corporate headquarters at 333 Pfingsten Road in Northbrook, Ill.

The John Buck Co. is the owner of the 46-story tower in downtown Chicago, with Newmark providing leasing services at the property, according to CommercialEdge information.

The LEED Platinum certified building spans roughly 1.2 million square feet, featuring 27,500-square-foot floorplates, an on-site conference center, as well as more than 11,000 square feet of retail space. Other tenants at the property include Marsh USA, Ryan Specialty Group, American Hospital Association and WP Global Partners, the same data provider shows.

Located in Chicago’s CBD, 155 N. Wacker Drive is within walking distance of the Willis Tower and the Art Institute of Chicago. The asset is also near multiple public transit options such as the Washington subway station and the Ogilvie Transportation Center train station, as well as less than a mile from Union Station.

As of September, Chicago’s vacancy rate was 17.9 percent, only 10 basis points above the national average, according to a recent CommercialEdge report. The average listing rate stood at $28.11, marking a 2.2 percent increase over 12 months and clocking in at $9.67 below the national average.