Chicago, IL – Sun Life Assurance Company of Canada has retained Bradford Allen Realty Services as the exclusive leasing agent for their new office acquisition at 29 North Wacker Drive. Sun Life closed on the purchase last week, buying the 129,262 square foot office building from Boston-based Intercontinental Real Estate Corporation. Under Sun Life’s ownership, the building will undergo an extensive rehabilitation of the mechanical systems and upgrades to the common areas.
“Sun Life is making a significant capital commitment to this wonderful asset and bringing to this project financial stability and a solid reputation as a quality owner of commercial real estate. We are very pleased to have been chosen for this assignment” said Jeffrey Bernstein a principal and co-founder of Bradford Allen. Bernstein leads the firm’s growing agency practice.
The 39-year-old building was designed by architects A. Epstein and Sons with unobstructed sight lines up and down Wacker Drive and 13,000 square foot floor plates tailored to small to midsize office tenants. Unique features include an executive parking garage with capacity for 44 cars with direct access from the building’s dramatic lobby, which features a 30 foot ceiling and terrazzo floors and direct entrances to some of the building’s retail tenants.
“The building has historically been very well occupied due to its highly desirable location in the heart of the West Loop, its architecturally distinctive exterior and ability to offer midsized tenants full floor identity” said Ben Azulay a managing director with Bradford Allen. “The planned building-wide renovation program along with our ability to offer competitive tenant improvement packages will help us appeal to a wide variety of potential tenants.”
Azulay, along with Bradford Allen’s Kevin Gillihan, will handle leasing on behalf of ownership.
Bradford Allen Realty Services, a Chicago-based commercial real estate firm, makes a full range of services and expertise available to entrepreneurial and corporate business entities, and not-for-profit organizations. The firm provides real estate strategy, advice, marketing, and transaction execution for occupiers, investors and owners of real estate. Please visit our website at www.bradfordallen.com.
Sun Life Assurance Company of Canada (www.sunlife.com) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of December 31, 2008, the Sun Life Financial group of companies had total assets under management of CDN$381 billion. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE), and Philippine (PSE) stock exchanges under ticker symbol SLF.