News

12.07
2019

Betsy Traczek 1973-2019

We will miss our colleague, friend and mentor

Chicago, IL – Betsy Traczek, President of the Buck Management Group, died on December 7, 2019 after losing her battle with cancer.  Betsy was a Principal with JBC and a member of the Board of Directors.  She joined the company in 1995 directly from Marquette University, starting in the accounting department and moved on to Property Manager at 35 W. Wacker, and then president of the Management Division, Principal and Board member. She spent her entire career being an exemplary leader, helping JBC set the highest industry standards.

Betsy’s 25-year tenure with JBC was marked with outstanding accomplishments overseeing all JBC-owned and third-party property management functions.  She coordinated the implementation of portfolio-wide initiatives especially related to insurance, real estate taxes, customer satisfaction and security.  Betsy was directly involved with the management of over 3.35 million square feet of Class A office space at JBC, and oversaw the completion of a complex, simultaneous renewal of two major tenants totaling over one million square feet at Chicago’s Leo Burnett Building.

Betsy was a consummate professional, model leader and mentor.  Her expertise and influence generated immediate respect, confidence and loyalty from all who worked with her. It was her dedication, grace and admirable work ethic that set her apart everywhere she went.

As a valued, integral part of the JBC team, Betsy’s intelligence, good humor and presence will be greatly missed every day.

To honor Betsy’s request, memorial contributions can be made to The John Buck Company Foundation, attention: Donna Wright.

11.13
2019

JBC Announces The Venn in Chicago’s West Loop

Mixed-use development on full-block site at 855 W. Madison St scheduled to deliver in Spring 2020

Chicago, ILLendlease, along with co-developer The John Buck Company and partner Intercontinental Real Estate Corporation, today revealed the name and branding of the team’s two-tower, mixed-use development under construction at 855 W. Madison St. – officially called “The Venn.” Topped off in July 2019 and scheduled to deliver in late spring 2020, The Venn occupies a full-block site in the West Loop overlooking Mary Bartelme Park, bordered by Madison Street to the north, Monroe Street to the south, Peoria Street to the west and Green Street to the east.

“We’ve collaborated with some of the best in the industry to deliver The Venn, a new center in the West Loop offering an intimate lifestyle with a variety of housing choices and modern amenities – where work, home and social lives truly intersect,” said Ted Weldon, executive general manager for Lendlease Development in Chicago. “For Lendlease, it’s just one more example of how we’re developing communities across the city that not only appeal to young professionals who crave the bustle of city life, but also families and empty nesters who are choosing an urban setting to call home.”

Upon completion, The Venn will feature 586 residences – 319 in the north tower, 254 in the south and 13 rental townhomes with private entrances along Peoria and Monroe streets – all connected by a two-story podium that includes 11,000 square feet of retail space and 278 parking spaces, which will be available for resident and public use.

The 17-story towers will include a blend of one-, two- and three-bedroom floor plans ranging from 546 to 1,591 square feet, while the townhomes include two-bedroom residences, ranging from 1,469 to 2,036 square feet. Pre-leasing is expected to begin in early 2020.

“We chose the name The Venn because this development is deeply rooted in connectivity,” said Ariana Rasansky, vice president of marketing and operations for The John Buck Company. “It’s made up of two buildings with a shared amenity space, and we were drawn to the idea of providing each building with its own personality, but with overlapping communities and a shared story.”

Both towers will feature their own design and amenity spaces, accessible to all residents, such as a ground-floor lobby, fitness center, entertainment lounge, game room, communal chef’s kitchen, coworking space and dog run. Outdoors, residents will share a large deck with a pool, lounge seating, fire pits, grilling stations and lush green spaces.

For The Venn, Lendlease and The John Buck Company collaborated with the award-winning G|R|E|C Architects, based in Chicago, to create a stepped, three-tier façade that transitions from masonry at street level to glass on the upper floors. The design is intended to maintain the character of the existing streetscape and to complement the surrounding architecture in the West Loop. A high degree of texture and materiality at the townhouse level also enhances the pedestrian experience.

“We have a great responsibility in working with an entire city block to keep the development scaled to the community and the inhabitants,” said Greg Randall, managing principal of G|R|E|C Architects. “Carefully scaled forms are stacked upon one another to give relief and visual interest to the residential modules. The facades are intended to laterally convey the tension and compression of urban life while the peeling back of the more solid, more textural materials at the ground plane vertically give way to airier, glass enclosures as the towers ascend skyward, evoking the progression and reward of urban living. The positioning of the stacked towers on the block also allows for a strong visual continuation of Mary Bartelme Park up to The Venn’s amenity deck.”

In addition to enjoying the renowned restaurants and boutiques throughout the West Loop, and the proximity to Mary Bartelme Park, residents at The Venn will live within walking distance of major employers, including Google’s Midwest headquarters and McDonald’s global headquarters. The development also provides convenient access to the Kennedy and Eisenhower expressways, as well as Ogilvie Transportation Center, Union Station and several CTA bus and rail lines.

“Intercontinental is proud to be a development partner for The Venn,” said Peter Palandjian, chairman and CEO of Intercontinental Real Estate Corporation. “With this project, we are truly creating a community within a community – one that both reflects and contributes to the continued evolution of the West Loop as a place to live, work and experience all Chicago has to offer.”

To learn more about living at The Venn, please visit www.thevennapartments.com.

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03.14
2019

The John Buck Company Developing Hayden Hall

The John Buck Company is excited to announce our partnership with DMK Restaurants in the development of a new food hall in the ‘Big Red’ building, the former headquarters of CNA Financial.

Chicago, IL – The development of the Hayden Hall food hall is part of a major redevelopment project of the distinctive 45-story red tower. The future food hall is helmed by DMK Restaurants, the same group that’s created such venues as Ada Street and DMK Burger Bar. Hayden Hall, opening by early fall, is a two-story, 30,000-square foot food hall that will rank among the largest of Chicago’s food halls.

DMK’s David Morton and Michael Kornick are partnering with The John Buck Company to help develop the massive venue which will include offerings from multiple vendors. Additionally, JBC is adding several amenities including a freshly renovated lobby that serves as Hayden Hall’s entrance.

The John Buck Company, which is currently redeveloping the 333 S. Wabash Ave. office tower is working to make Hayden Hall unlike any other food hall in the city. Hayden Hall, named after the famed 19th-century architect Sophia Hayden, is being developed to offer meetings, private events, and cooking demonstrations in addition to restaurant venues.

The John Buck Company was founded in 1981 by John Buck and has since grown to become one of the preeminent real estate firms operating both in Chicago and San Francisco. JBC is unique for our focus on community building and charitable efforts like the Spring Fling, the largest real estate charity event each year. Over the years, we’ve grown into a vertically-integrated real estate firm offering myriad services including design, development, and management.

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03.05
2019

The John Buck Company Announces $250K Award for Innovations in Early Childhood Education

VOCEL works to redefine early childhood education, child by child, parent by parent. Official announcement was made at The John Buck Company 2019 Spring Fling Kickoff.

Chicago, IL — Founded in 1981, The John Buck Company is a Chicago-based real estate operating company focused on major US urban markets. Each year, The John Buck Company makes a substantial award to a Chicago nonprofit that is a proven leader in the area of education for at-risk youth and families. The John Buck Company is proud to announce that its 2019 awardee is VOCEL and The John Buck Company Foundation. VOCEL, an Austin neighborhood-based organization, jumpstarts young children’s brain growth with strengths-based parent support and parent-child early learning rooted in language development and emotional support. The John Buck Company Foundation was established in 1989 to support the work of organizations that enrich the quality of life for children and families with a strong emphasis on educational development.

The John Buck Company made the formal announcement of VOCEL’s award at the 2019 Spring Fling Kickoff event held on February 28th. The Spring Fling 2019 gala event, the season’s greatest happy hour, will be held on Thursday, June 13th outside of the Merchandise Mart.

“Some children have the odds stacked against them, when it comes to their early education, and the families we serve often face extraordinary circumstances,” says Kelly Lambrinatos, executive director and co-founder of VOCEL. “Thanks to this generous gift and ongoing support from The John Buck Company Foundation, VOCEL is able to uncover new approaches to shift this trajectory. We are committed to making a profound difference in the lives of young children and families in Chicago.”

VOCEL’s impact began in 2014 with one classroom in Austin, one of Chicago’s most underserved communities. During its three-year pilot, VOCEL’s preschool program generated exceptional results and provided a real-life incubator to test new educational concepts and methodologies. VOCEL’s preschool program demonstrated unequivocal impact, with 94% of children meeting/exceeding age-appropriately developmental milestones by the end of the program. Driven by these results and guided by brain development research, parent input, and teacher insight, VOCEL expanded, founding the VOCEL Child Parent Academy, a 10-month early learning accelerator for both children and their parents in 2016. In 2018, VOCEL, recognizing the value of two-generational programming and responding to the shifting early landscape, decided to focus exclusively on this model and began expansion of the Child Parent Academy now present in eight Chicago Communities.

“Building is about more than bricks and mortar; it’s about elevating the quality of life in the communities and neighborhoods in our city,” says John Buck, founder and CEO of The John Buck Company. “We applaud VOCEL and are eager to support its extraordinary mission of using language to instill confidence and connect children to the world around them. We’re honored to be able to help.”

More about VOCEL

Founded to bring exemplary education opportunities to underserved communities in Chicago, VOCEL reconceptualizes early learning during children’s most formative years (0–3 years) through innovative, two-generational programming. VOCEL’s Child Parent Academy is a scalable preschool-readiness and parent support program that builds key social-emotional and language skills in children and equips parents to be effective teachers. Through VOCEL’s program young children and their parents learn side-by-side fostering social connections and capital among a community of peers. VOCEL’s focus on continuous, strategic innovation ensures that children build a foundation for future academic learning while empowering their parents/caregivers with key child development knowledge to help their children succeed. Given the community need, VOCEL aims to scale its program and to impact over 800 families in the next three years.

For more information, please visit VOCEL.org.

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12.12
2018

JBC Breaks Ground on West Loop Development

Two-Tower Development will bring 586 rentals and 10,000 square feet of retail to former H20 Plus site

Chicago, IL — Lendlease, a leading international property and infrastructure group, along with co-developer The John Buck Company and partner Intercontinental Real Estate Corporation, today celebrated the groundbreaking of 845 West Madison, a two-tower mixed-use development in Chicago’s West Loop. Slated to welcome its first residents in summer 2020, the development will occupy a full-block site, formerly home to skin care manufacturer H2O Plus, bordered by Madison Street to the north, Monroe Street to the south, Peoria Street to the west and Green Street to the east.

More than 100 people gathered to hear remarks from development team members and city officials, including 27th Ward Ald. Walter Burnett and Chicago Building Commissioner Judy Frydland, followed by a groundbreaking ceremony.

“Many real estate partners have worked alongside the city for the past several years to help drive development, which has translated into more jobs and economic growth for Chicago,” Mayor Rahm Emanuel commented. “Today’s groundbreaking marks another important milestone in reactivating a vacant site and further supporting the city’s fast-growing West Loop neighborhood.”

“We’re thrilled to start construction on this mixed-use development that, upon completion, will showcase a vibrant new destination for this burgeoning area of the city,” said Tom Weeks, executive general manager of development at Lendlease. “Lendlease has a proven track record of delivering transformational urban regeneration projects in Chicago and throughout the world, and together with our partners, we look forward to reimagining this prominent site as a new neighborhood anchor whose residential and retail offerings reflect the continued evolution of the West Loop community.”

Upon completion, 845 West Madison will include 586 residences – 319 in the north tower and 254 in the south – with a blend of one-, two- and three-bedroom floor plans. Rounding out the unit mix are 13 rental townhomes with private entrances along Peoria and Monroe streets. The 17-story towers and townhomes will be connected by a two-story podium that includes 10,000 square feet of retail space and 278 parking spaces, 45 percent of which will be available for public use. The towers will share a large outdoor deck atop the podium that will feature a pool, lounge seating, fire pits, grilling stations and lush green spaces.

“This project is so much more than just a run-of the-mill mix of ‘residential plus retail,’” said John Buck, chairman and CEO of The John Buck Company. “As the Chicago real estate market and neighborhoods change and evolve, the building at 845 West Madison is a thoughtful and timely response to the kinds of homes now in demand in this area.”

Each of the towers will have its own design and amenity spaces, accessible to all residents, such as a ground-floor lobby, fitness center, entertainment lounge, game room, communal chef’s kitchen, coworking space and dog run.

Drawing inspiration from surrounding architecture in the West Loop and nearby Fulton Market District, Chicago-based GREC Architects created a stepped, three-tier façade that transitions from masonry at street level to glass on the upper floors – a design intended to maintain the character of the existing streetscape. While the project will consist entirely of new construction, a number of mosaic murals by Spanish artist Carlos Vega that adorned the façade of the H2O facility were preserved and donated to nearby Skinner Park.

“We want 845 West Madison to feel integrated into the West Loop community,” said Greg Randall, a managing principal of GREC Architects. “The two towers will reflect the spirit of the neighborhood with two narratives but a single story. The interior of the north tower will embody an energetic, eclectic and rustic aesthetic while the south tower will feel established, refined and polished. The towers will play off the scale of the city while the townhomes will ground the development and enhance the pedestrian experience of the neighborhood.”

In addition to enjoying proximity to major employers including Google and McDonald’s, whose new global headquarters is less than a half-mile away, residents of 845 West Madison will be steps from Randolph Street’s famed restaurant row, numerous shops throughout the West Loop and public amenities including Mary Bartelme Park. The development also provides convenient access to the Kennedy and Eisenhower expressways, as well as Ogilvie Transportation Center, Union Station and several CTA bus and rail lines.

“We are very excited by this terrific development opportunity, which when constructed and stabilized, will make for a trophy building for our portfolio,” said Peter Palandjian, chairman and CEO of Intercontinental Real Estate Corporation. “By venturing on this project with Lendlease and The John Buck Company, we will create hundreds of union construction jobs in Chicago and believe this project will generate excellent returns for our investors.”

About Lendlease:
Lendlease is a leading international property and infrastructure group with operations in Australia, Asia, Europe and the Americas. Our vision is to create the best places; places that inspire and enrich the lives of people around the world.

Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 13,000 employees internationally.

Our core capabilities are reflected in our operating segments of Development, Construction and Investments. The combination of these three segments provides us with a sustainable competitive advantage and allows us to provide innovative integrated solutions for our customers. Our integrated approach means we harness the expertise in infrastructure, design, development, investments and management to deliver a project from conception to completion.

In the US, Lendlease Development brings over 60 years of global experience to bear in urbanization, communities and infrastructure development.  Leveraging our Urban Regeneration strategy, we are committed to delivering transformational projects in gateway cities that meet our vision To Create the Best Places, places to be enjoyed and celebrated – both today and in future generations. www.lendlease.com

About The John Buck Company:
Founded in 1981, The John Buck Company (“JBC”) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties. For more information, visit www.tjbc.com.

About Intercontinental Real Estate Corporation:
Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively over $10 billion in real estate property. Today, Intercontinental manages a real estate portfolio of approximately $8 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects.

About GREC Architects:
GREC Architects is a world-class, national studio of diverse experts known for redefining environments by employing responsive, artistic and integrated architectural methods. Based in Chicago, GREC develops meaningful spaces by creating experiences for people where they live, work and play. GREC specializes in sectors including hospitality, high-rise residential, commercial and mixed-use, and interior design for corporate environments.

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11.07
2018

Splunk Leases Market

Splunk Signs Long-term Office Lease at S'PARK

Boulder, CO – The John Buck Company, Kinship Capital and Element Properties, announced today that Splunk Inc. (NASDAQ:SPLK) has signed a long-term lease for the entire office component, approximately 42,000 square feet, of the “Market Building” at S’PARK in Boulder, Colorado. This is the first office lease executed in the S’PARK development.

“Splunk has long recognized the tremendous pool of technology talent here in Colorado,” said Jim Lejeal, vice president and Boulder general manager, Splunk. “We strive to provide our employees around the world with the best possible work environment and are excited to expand our role in the Boulder business community.”

Market will be a 53,000 square foot mixed-use office with ground floor retail with scheduled completion in early 2019. The 6.8-acre TOD, mixed-use development commonly known as S’PARK is located along Valmont Road at the site of the former Sutherlands Lumberyard and features approximately 100,000 square feet of new Class A office, over 300 residential apartments and townhomes, as well as a vibrant retail-lined plaza supported by underground parking and access to Boulder’s new RTD Bus Rapid Transit Station.

“We’re delighted that Splunk chose the Market Building in S’PARK for its home in Colorado. Splunk and its team members will bring a great energy to the project. Our development team and our retail and restaurant partners are excited to welcome them to our neighborhood,” said Justin Parr of The John Buck Company.

S’PARK ownership was represented by JLL in the lease agreement, while Colliers International represented the tenant. The Market Building at S’PARK was designed by Phoenix-based architecture firm Worksbureau.

About S’PARK
S’PARK will be a modern village with active greenspaces and cutting-edge sustainability for people to live, work, eat and play – a true mixed-use, mixed-income and transit-oriented place for Boulder Junction. A place for the crafters, the makers and the innovators. This new mixed-use development is proposed as a LEED for Neighborhood Development (LEED-ND) project. S’PARK will have retail, office space, residential rentals, and creatively affordable options of each. Combined with dynamic outdoor public spaces, permeability, walkability and modern architecture, the project will foster a vibrant and creative environment. For more information, visit http://www.sparkneighborhood.com/.

About The John Buck Company
Founded in 1981, The John Buck Company (“JBC”) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties. For more information, visit www.tjbc.com.

About Kinship Capital
Kinship Capital is a private real estate investment firm founded on 125 years of family business success. The company makes growth oriented and duration driven investments in the U.S. across a variety of product types including office, retail, multi-family, hospitality, and industrial real estate. The Kinship team has built an institutional scale portfolio while retaining an entrepreneurial approach to the investment process. Kinship’s structural flexibility and 50-year investment horizon regularly prove to provide a unique competitive advantage in the marketplace. Building on seven generations of family legacy, Kinship Capital is committed to the next century of success. For more information, visit http://kinshipcapital.com/.

About Element Properties
Element is a privately owned, Boulder, Colorado-based full service real estate development and investment company, focused on creating value for partners and stakeholders in the communities in which our properties are located. Element targets urban-infill multifamily rental, for-sale condos and townhomes, affordable housing and mixed-use opportunities in established and high barrier to entry markets with proven long-term demand drivers and a reputation for high quality of life. For more information, visit http://www.elementproperties.com/.

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07.17
2018

JBC Breaks Ground on Second San Francisco Development

San Francisco's Last True Waterfront Condominium Building Unveiled at One Steuart Lane

San Francisco, CA – The John Buck Company, Paramount Group, Inc., and SRE Group Ltd have officially unveiled the stunning vision for One Steuart Lane, a 20-story, last-of-its-kind condominium development situated directly along San Francisco’s waterfront. Designed by world-renowned architecture firm Skidmore, Owings & Merrill (SOM), One Steuart Lane will evoke a sense of timeless elegance and sophistication, emulating the vast natural beauty that surrounds it.

 

The 120 residences will comprise one- to three-bedroom floor plans as well as penthouse residences that will range in size from approximately 900 to 3,100 square feet. Each residence will boast floor-to-ceiling windows with elevated ceiling heights displaying extraordinary natural
light, with many featuring private balconies or terraces which will boast direct, unobstructed views of the Bay Bridge and Ferry Building. Envisioned by a team of internationally renowned designers, the rich interiors will conjure a sense of classic elegance with the finest finishes and fixtures available. A thoughtfully curated collection of amenities and services will include a residents’ lounge with full kitchen, dining and outdoor gathering spaces, private fitness center, spa with water therapy showers and sauna, outdoor jacuzzi surrounded by a sun terrace, 24-
hour lobby and valet attendants along with an approximately 4,500-square-foot retail space.

“One Steuart Lane represents an opportunity that will likely never again exist in San Francisco. From the meticulously designed residences set squarely on the waterfront to the unparalleled views and prime location, One Steuart Lane offers a world-class urban lifestyle for buyers who
seek a private sanctuary but still desire a connection to the heart of the city,” said Ben Kochalski, Principal, The John Buck Company. “The San Francisco market has proven ready for a building of this caliber right now as tech titans open new offices in the city. With limited for-sale inventory slated to hit the market in the coming years, demand will grow for upscale housing that offers subtle, yet high-class design elements and is conveniently located next to the growing tech hub.”

To achieve a vision that evokes both elegance and modernity, the development team engaged SOM and Rottet Studio to conceptualize a design that uniquely expresses the indoor-outdoor lifestyle of California living. Targeting LEED® Gold certification, One Steuart Lane will also boast a minimally reflective, ultra-clear glass facade that will take advantage of the abundant sunlight and cool ambient climate in San Francisco to passively heat the residences and reduce energy
consumption.

“One Steuart Lane’s ambition is to match the best site on the West Coast with truly world class architecture. The building connects owners visually and literally with the extraordinary natural and urban beauty of San Francisco. Pairing this architecture with Rottet Studio’s renowned
interiors brings a level of design to our waterfront on par with the best residences in the world,” added Mark Schwettmann, Design Director of SOM in San Francisco.

Nestled on the corner of Howard and Steuart Streets, One Steuart Lane’s position on the waterfront and adjacent to Rincon Park will solidify it as an urban sanctuary tucked away from the hustle and bustle of the city. Located within a short walk of San Francisco’s financial, recreational and cultural centers, residents will enjoy unparalleled access to restaurants, retail and entertainment options, as well as a wide network of transit options, such as San Francisco’s Ferry Terminal, the new Transbay Terminal, BART and the I-80 East Freeway.

One Steuart Lane is under construction with an anticipated completion in early 2021. The sales gallery is expected to open in 2020 and sales are being led by leading West Coast condominium sales and marketing company Polaris Pacific.

For more information, visit www.onesteuartlane.com.

Check out the additional media features in Forbes and San Francisco Business Times

The John Buck Company
Founded in 1981, The John Buck Company has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in
assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties.

Paramount Group, Inc.
Paramount Group, Inc. is a best-in-class owner, operator and manager of Class A office properties in supply-constrained, high barrier-to-entry markets such as New York, Washington, D.C. and San Francisco. Since 1978, Paramount Group has been the landlord of choice for the
world’s largest names in the financial, legal, professional service and media industries – a true testament to the quality and location of its properties combined with its sterling reputation for hands-on tenant service.

SRE Group Ltd
Founded in 1993, SRE Group Ltd. was listed on The Stock Exchange of Hong Kong Ltd. (Stock code: 01207.HK) in 1999 and became a member enterprise of CMIG Jiaye under the China Minsheng Investment Group in 2015. After more than 20 years of development and growth, SRE
Group Ltd. has successfully made footprints with a number of high-end residential and mixed-use projects in more than 20 major cities including London, San Francisco, Sydney, Hong Kong, Beijing and Shanghai. In accordance with the concept of “Finance + Industry + Real Estate” integration, and to accelerate the enterprise transformation progress, SRE Group Ltd. implements a dual driven strategy of real estate investment and development to gradually build three core businesses: financial city complex development, characteristic town development, as well as asset mergers and acquisitions.

SOM
Skidmore, Owings & Merrill LLP (SOM) is one of the leading architecture, interior design, engineering, and urban planning firms in the world. Since its founding more than 80 years ago, SOM has earned a reputation for design excellence with a portfolio that includes some of the most important architectural accomplishments of the 20th and 21st centuries and has been a leader in the research and development of specialized technologies, new processes and innovative ideas, many of which have had a palpable and lasting impact on the design profession and the physical environment.

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05.21
2018

Facebook Leases Park Tower

"Park Tower will provide tenants with an opportunity to build a truly vibrant community workspace within one of San Francisco's most exciting new neighborhoods."

San Francisco, CA – MetLife Investment Management, MetLife Inc.’s (NYSE: MET) institutional asset management platform, in partnership with The John Buck Company and Golub & Company, announced today that Facebook, Inc. has signed a long-term lease for all of Park Tower at Transbay, one of San Francisco’s newest Class A office buildings.

Construction of Park Tower will be completed by the end of this year. The 43-story, 764,700 square foot building will comprise 755,900 square feet of LEED Gold office space that was designed to attract, retain and help develop San Francisco’s technology workforce.

Joel Redmon, San Francisco-based managing director for MetLife Investment Management’s real estate business, said: “We’re pleased to welcome Facebook to Park Tower. We’ve worked hard to design an office of the future that will facilitate technological innovation and provide a great foundation for Facebook’s future success. Park Tower is the ideal combination of location, iconic design, stunning views of San Francisco Bay from 70 percent of the floors. The project also features approximately 26,000 square feet of outdoor and open space including 14 sky decks.”

Ben Kochalski, principal at The John Buck Company, added: “Park Tower will provide tenants with an opportunity to build a truly vibrant community workspace within one of San Francisco’s most exciting new neighborhoods. It is fitting that a dynamic global company so focused on building communities and bringing the world together will call Park Tower home.”

The John Buck Company, co-owner of Park Tower, also acted as MetLife Investment Management’s development partner. JLL represented the owners in the lease agreement, while architecture firms Goettsch Partners and Solomon Cordwell Buenz designed the project.

About MetLife Investment Management
MetLife Investment Management (“MIM”), MetLife, Inc.’s institutional asset management platform, provides institutional investors including corporate and government pension plans, insurance companies and other financial institutions with long-term public and private investment and financing solutions. With operations in the Americas, Asia and the Europe, Middle East & Africa (EMEA) regions, MetLife Investment Management manages assets for third-party institutional investors, separate accounts and MetLife, Inc.’s general account. MetLife Investment Management leverages a disciplined credit research and underwriting process to provide institutional investors with asset origination and acquisition opportunities and proprietary risk management analytics across traditional fixed income strategies, commercial real estate debt and equity investing, agricultural financing, and private placements, among others. For more information, visit www.metlife.com/investments.

About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About The John Buck Company
Founded in 1981, The John Buck Company (JBC) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties. For more information, visit www.tjbc.com.

About Golub & Company LLC
Since its founding more than 55 years ago, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties (inclusive of 45,000 residential units), valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com.

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05.02
2018

JBC to Focus on Value-Add Opportunities

"While development remains one of our core strengths, we are particularly excited with our pipeline of value-add turnaround opportunities."

Chicago, IL –  The John Buck Company (JBC) has announced an expanded focus on value-added investment opportunities and has made several leadership changes to align the organization with this initiative. Re-assuming the role he previously held, Chairman John Buck will become CEO. Kevin Hites, Chief Investment Officer, has added the title of President, and Ben Kochalski, Principal, has been appointed to the Board of Directors and Investment Committee. Dirk Degenaars will maintain his role as Chief Operating Officer directing both portfolio and asset management, and Betsy Traczek maintains her role as President of Buck Management Group. In conjunction with these changes, Richard Lindsay, previously CEO and Director of Development, has left the firm to pursue other interests.

“While development remains one of our core strengths, we are particularly excited with our pipeline of value-add turnaround opportunities. We have chosen to adjust our organization to best position the firm to execute these new transactions. We are proud of the many contributions that Richard made to our development activities during his tenure with the firm and wish him the best in his future endeavors,” says John Buck.

JBC’s active developments will continue to be managed by a team of senior development professionals who are among the longest-tenured in the business with decades of experience in design and construction of high-rise office and residential properties. The firm remains deeply committed to its legacy of ground-up development but will simultaneously expand its focus on value-add investment opportunities.

More About The John Buck Company
Founded in 1981, JBC has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties.

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10.17
2017

JBC Announces Opening of Leasing Center for 3Eleven

Leasing center now open to offer an exclusive look at the finishes included at 3Eleven

Chicago, IL – The John Buck Company has announced the opening of a leasing center for its new residential building located at 311 W. Illinois Street (“3Eleven”). Located at 501 N. Wells Street (entrance on Illinois Street), the leasing center will offer potential residents the opportunity to view unit finishes, floor plans, and renderings for 3Eleven, which is scheduled to open in January 2018.

The leasing center will offer an exclusive look at the finishes included at 3Eleven, such as laminate wood flooring, quartz countertops, high-gloss cabinetry, and stainless steel appliances. Future residents will also be able to view floor plans and renderings of the building’s amenities, including a rooftop pool, lawn space and fire pits, outdoor theater, resident lounge, indoor dog run and co-working spaces.

3Eleven, which broke ground in June 2016, was designed by Fitzgerald Associates Architects with interiors designed by Juan Gabriel Moreno Architects. 3Eleven will offer 245 Class-A residences ranging from studios to 3-bedrooms and penthouse units. Each apartment features 9’-high exposed concrete ceilings, floor-to-ceiling windows, custom solar shades and master closets, and is equipped with the option to add custom upgrades such as movable islands and the IOTAS Smart Home solution.

3Eleven will be Chicago’s first community with the IOTAS fully integrated and interoperable smart apartment solution. After downloading the 3Eleven app, residents in the 32 premium apartments and 2 penthouses with the IOTAS solution already built in will automatically see their floorplan broken down by room and device. Residents can then easily control in-unit lights, outlets, dimmers, thermostats and more from their smartphone, as well as through voice control via a provided Amazon Echo.

For more information on 3Eleven, please visit www.3eleven.com.

About 3Eleven LEASING Center

LOCATION: 501 N. Wells Street, Chicago, Illinois (entrance on Illinois Street)

HOURS: Tuesday – Saturday, 10:00 a.m. – 6:00 p.m.

CONTACT: Phone: 312-837-4480, Email: info@3eleven.com

 

About 3Eleven

LOCATION: 311 W. Illinois Street

DEVELOPER: The John Buck Company

EXTERIOR ARCHITECT: Fitzgerald Architects

INTERIOR ARCHITECT: Juan Gabriel Moreno Architects

CONTRACTOR: Power Construction Company

SIZE: 25 stories; 281 feet tall; 291,000 sq. feet

RESIDENTIAL: 245 Class-A residential units, Parking structure with 74 stalls, Studio to 3 bedroom and penthouse units


RETAIL: 
3,100 sq. feet (first floor)

ADDITIONAL:  LEED Gold Certification, Delivery in January 2018

WEBSITE:  www.3eleven.com

FACEBOOK:  www.facebook.com/3ElevenChicago

TWITTER:  @3ElevenChicago

INSTAGRAM:  @3ElevenChicago

 

CONTACT: Roxie Ransom, Leasing Director, 312.837.4480

 

 

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09.26
2017

S’PARK Official Groundbreaking in Boulder, Colorado

Element Properties, The John Buck Company and Kinship Capital celebrated the start of construction of two of the project’s premier parcels.

Boulder, CO — The highly anticipated 10.5 acre S’PARK redevelopment project in Boulder is beginning to take shape, and officially broke ground on its second phase of residential development last week. Together with partners, Element Properties, The John Buck Company, and Kinship Capital the team celebrated the start of construction of two of the project’s premier parcels, Timber and Market during a ceremony last Thursday. The S’PARK project has been under construction for the last year, with an initial phase of 45 townhome units set to deliver in February, 2018.

 

“By seamlessly integrating with residential spaces, we’re building a better home for shops and businesses at S’PARK,” said Scott Holton, Principal at Elements Properties. “From boutiques to craft breweries, there will be tons to explore across a connected, open community. It’s an entirely new culture of living, eating, and shopping in Boulder.”

Market will be a 50,000-square foot mixed use office with ground floor retail. Boulder craft brewer Upslope Brewing Company has already claimed 8,500 square feet for a new on-site brewpub. Anticipated completion is August 2018.

Timber will offer a total of 150 residences including studio, one, two and three-bedroom apartments, with A below grade parking structure, and ground floor retail. Anticipated completion is May 2019. Centrally located at S’PARK, Timber Lofts provides residents with a sense of connection to the amenities, shops, and streets that surround them. With accessible terraced lofts, live/work units, rooftop decks, and corner shops, Timber’s more than a place you can call home. It’s an entire hood you can call home. Timber will feature a pool, gym, yoga/spin studio, resident lounge and more

S’PARK is an entirely new neighborhood coming to the heart of Boulder in late 2017, bringing genuine community and tapped potential to Sutherland Park and Boulder Junction. It’s all built on the notion that retail, office, and residential spaces work best when they can coexist and collaborate. So whether you’re looking for a place to call home, build a business, or simply unwind, consider this an open invitation to take part in Boulder’s most connected community ever.

ABOUT S’PARK
S’PARK will be a modern village with active greenspaces and cutting-edge sustainability for people to live, work, eat and play – a true mixed-use, mixed-income and transit-oriented place for Boulder Junction. A place for the crafters, the makers and the innovators. This new mixed-use development is proposed as Colorado’s first LEED for Neighborhood Development (LEED-ND) Platinum project. S’PARK will have retail, office space, residential rentals, and creatively affordable options of each. Combined with dynamic outdoor public spaces, permeability, walkability and modern architecture, the project will foster a vibrant and creative environment.

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08.10
2017

Northern Trust to Lease Office Space at 333 South Wabash in Chicago

CBRE and NKF arrange 462,000-square-foot lease on behalf of Northern Trust, The John Buck Company and Morgan Stanley

Chicago, IL — Newmark Knight Frank (NKF) is pleased to announce a 462,000-square-foot lease at 333 South Wabash on behalf of The John Buck Company and its partner, Morgan Stanley, to Chicago-based Northern Trust (NTRS:NASDAQ), which was represented by CBRE. The global financial services company will move some of its Chicago staff to 333 South Wabash in 2020, upon completion of extensive building renovations planned by ownership. Northern Trust will have the option to increase its commitment at 333 South Wabash to up to 750,000 square feet at a future date. Northern Trust’s global headquarters will remain unchanged, at 50 S. LaSalle St.

Affiliates of The John Buck Company and Morgan Stanley purchased 333 South Wabash from CNA Financial Corporation (CNA) last year, after CNA signed a lease to relocate its offices, leaving a 750,000-square-foot vacancy in the 1.2 million-square-foot iconic red tower.

“We are pleased to announce that Northern Trust has reached an agreement to lease office space at 333 South Wabash Avenue in Chicago. This effort is part of our ongoing focus to drive efficiency and growth,” Northern Trust Corporation Chairman and Chief Executive Officer Frederick H. Waddell said. “This move will provide greater opportunities for our employees to collaborate and develop creative solutions in a state-of-the-art environment.”

NKF Bill Rolander and Jon Cordell secured the 462,000-square-foot lease to Northern Trust on behalf of ownership. Todd Lippman, Todd Doney, James Whalen, Maura Mahoney and Scott Brandwein of CBRE represented Northern Trust in the lease negotiations.

333 South Wabash was originally constructed in 1972 and is known for its signature red exterior. Ownership will complete substantial renovations to the property, including construction of a new building lobby, an upgraded fitness center, day care and tenant lounge. The overhaul will also include the addition of an auditorium, food hall and a new private coach service for building tenants. Completion of the renovations is slated for 2019.

Rolander and Cordell will continue to market the remaining office space at 333 South Wabash on behalf of ownership. Dirk Degenaars, COO of The John Buck Company, added, “With the relocation of Northern Trust to 333 South Wabash and a commitment to modernizing the property for today’s generation of office users,

this neighborhood will see an increased demand for office usage as people will be drawn to its vibrancy, proximity to the Lake and Grant Park, the abundance of amenities, as well as the convenience of transportation options.”

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2017, Northern Trust had assets under custody of US$7.4 trillion, and assets under management of US$1.03 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

 

About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. NKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.  Please visit our website at www.cbre.com.

About The John Buck Company

Founded in 1981, The John Buck Company (JBC) has an established track record and reputation as a premier, vertically-integrated real estate investment, development and operating company focused on major U.S. urban markets. Since inception, JBC has made principal investments in assets comprising more than $6.7 billion of gross value and acquired, developed, or redeveloped over 42 million square feet of office, multifamily, residential and mixed-use properties.

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