News

12.13
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 (Dec. 13, 2018)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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05.05
2017

Paramount Group, JBC and SRE Group close on 75 Howard in San Francisco

Ultra-luxury condominium project located in heart of San Francisco's South Financial District

New York, Chicago and Hong Kong  – Paramount Group Residential Development Fund, LP (“Fund”), a controlled affiliate of Paramount Group, Inc. (NYSE: PGRE) (“Paramount”), today announced the sale of a majority interest in an ultra-luxury waterfront condominium project (“75 Howard”) in San Francisco to a new joint venture with JBC 75 Howard LLC, an affiliate of The John Buck Company (“JBC”) and SRE Group Ltd. (“SRE”).

75 Howard is prominently situated at the southwest corner of Howard Street and Steuart Street just off the Embarcadero in the heart of San Francisco’s burgeoning South Financial District. This unsurpassed location, with its proximity to all forms of public transportation, is within walking distance to many of San Francisco’s finest shopping venues, five-star hotels, world-renowned restaurants, and numerous recreational and cultural amenities.

Designed by leading architecture and engineering firm Skidmore, Owings & Merrill, 75 Howard will be a 20-story, 120-unit ultra-luxury condominium building that will redefine San Francisco living by offering unparalleled views of the San Francisco Bay and the Bay Bridge, best-in-class finishes and a top-of-the-line amenity package.

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. To learn more about JBC, visit www.tjbc.com.

About Paramount Group Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. To learn more about Paramount, visit http://www.paramount-group.com/.

About SRE Group Ltd.
SRE an integrated  [publicly-traded] real  estate  developer based in Shanghai. The Company’s shares have been listed on The Stock Exchange of Hong Kong Limited since December 1999. SRE has been gradually expanding into foreign markets such as London, and 75 Howard represents its first investment in the United States. To learn more about SRE, visit http://www.sre.com.cn/.

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08.04
2016

JBC Announces Closing of $233.3M Construction Loan for CNA Center

Located at 151 North Franklin, Chicago, Illinois

The John Buck Companies, Bank of the Ozarks, and HFF today announced the closing of a $233.3 million construction loan for the development of CNA Center, a Class A, 35-story, trophy office tower at 151 North Franklin in Chicago’s West Loop.

HFF worked on behalf of the developer, The John Buck Companies to place the construction loan with Bank of the Ozarks.

Designed by the internationally-acclaimed firms of John Ronan Architects and Adamson Associates, CNA Center will be the new world headquarters of CNA, a leading insurance organization and the principal subsidiary and operating company of CNA Financial.  Additionally, the center will be the new national headquarters for Hinshaw & Culbertson LLP, an international law firm.  The finished office tower will feature 807,137 rentable square feet and a 500-stall attached parking garage in addition to 34 lower-level parking stalls.  The LEED Gold certified building will offer tenants column-free 25,000 square foot floor plates with uninterrupted views and an extensive list of building amenities.  Building amenities will include a 4,200-square-foot rooftop terrace with bar, 10,000 square feet of landscaped exterior courtyards, professionally managed fitness center, a 250-seat conference center, restaurant, bike room, and café / coffee bar.  The tower is currently under construction and will be completed in the summer of 2018.  CNA Center’s location is in the heart of Chicago’s West Loop.

“It has been a pleasure to work with Bank of the Ozarks on behalf of The John Buck Companies.  Both organizations are absolute best in class and have come together to plan and execute a landmark office development here in Downtown Chicago,” said Danny Kaufman.

“We experienced a very strong response from the capital markets to CNA Center.  There have been very few new office towers built in this cycle and very strong tenant demand for new Class A+ space,” said Kavanau.

The HFF debt placement team representing the borrower was led by senior managing director Michael Kavanau and managing director Danny Kaufman.

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06.23
2016

The John Buck Company and J.P. Morgan Asset Management Close on 311 West Illinois Street Acquisition

The project will include 245 luxury apartments and 3,000 square feet of retail space

 Chicago, IL – (June 16, 2016) – The John Buck Company (JBC) and institutional investors advised by J.P. Morgan Asset Management have closed on the land acquisition of 311 West Illinois Street (“3Eleven”). The project, to be developed by The John Buck Company and designed by FitzGerald Associates Architects, will rise 25 stories to a height of 281 feet, and includes 245 luxury apartments and 3,000 square feet of retail space. 3Eleven will offer several amenities, including bike storage (nearly 200 stalls), smart package storage, and a rooftop tenant lounge with a fitness center and outdoor space featuring hammocks, fire pits, grills, additional dining areas and a swimming pool.

Construction financing will be provided by Wintrust Financial Corporation.

“3Eleven will be an exciting boutique luxury multi-family apartment project, given the property’s River North location, amenity package and city views,” said Kevin Hites, Chief Investment Officer at JBC.

Located on the southwest corner of Illinois and Franklin Street, 3Eleven will feature studio to 3-bedroom penthouse units. Project groundbreaking occurred in June 2016 with anticipated delivery fall 2017.

About The John Buck Company
The John Buck Company was founded in 1981 and has established a track record and reputation as a premier, vertically integrated, full-service real estate operating company. Over the course of JBC’s history, the firm has successfully completed over $10.5 billion of real estate transactions and acquired, developed, or redeveloped over 41 million square feet of office, high-rise residential, hotel, retail, and mixed-use properties.

Headquartered in Chicago, JBC has developed, operated, or managed a variety of properties in New York, Washington D.C., Philadelphia, Minneapolis, Abu Dhabi, Berlin, and Kuala Lumpur.  Currently active in Chicago, San Francisco, Boulder, and Washington D.C., JBC works diligently to create projects that are environmentally sustainable, profitable, and inviting places to live, work, and play.

 About J.P. Morgan Asset Management – Global Real Assets

J.P. Morgan Asset Management – Global Real Assets has more than $90 billion in assets under management and more than 400 professionals in 19 offices throughout the Americas, Europe and Asia Pacific, as of March 31, 2016. With a 45-plus year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.  For more information: jpmorgan.com/institutional/global_real_assets

About Wintrust Financial Corporation

Wintrust Financial Corporation, a financial holding company, was founded in 1992 and is headquartered in Rosemont, Illinois.  With over $23 billion in assets, Wintrust provides relationship based banking and other financial products and services to clients in the Chicago metropolitan area and in southern Wisconsin through its 15 wholly-owned banking subsidiaries and 153 banking center locations.

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03.25
2016

The John Buck Company and CNA Close on Acquisition of 333 S. Wabash Ave.

Iconic “Big Red” Building Swapped as JBC Begins Construction on New CNA Global Headquarters

Chicago, IL – March 25, 2016 – The John Buck Company (JBC) and CNA today announced the finalization of JBC’s acquisition of CNA’s Chicago-based, global headquarters at 333 S. Wabash Ave., completing a deal that centers around the development of the new CNA Center at 151 N. Franklin.

The 44-story, 1.1 million-square-foot building at 333 S. Wabash, affectionately known as “Big Red,” has been a distinguished member of Chicago’s skyline since it opened in 1972.

“333 S. Wabash is an institutional-class building that is well positioned to attract future tenant demand,” said Kevin Hites, Chief Investment Officer, The John Buck Company. “The tower’s prominent visibility on the Chicago skyline, 360-degree city and lake views, and easily accessible location make it a special opportunity.”

Considered a highly creative and complex agreement by real estate standards, CNA will lease its current offices at 333 S. Wabash while it awaits JBC’s completion of its new Class A office tower at 151 N. Franklin, which is expected to be delivered in Summer 2018. Bill Rolander, Principal at JBC, served as primary representation for The John Buck Company. Greg Gerber, Executive Vice President at Savills Studley, advisor to CNA, aided in the finalization of the deal.
“CNA is entering its 120th year of business and 116th year in Chicago, where we are very excited to maintain our global headquarters,” said Tom Pontarelli, Executive Vice President and Chief Administration Officer, CNA. “This sale is one of the many important milestones as we prepare for our move to CNA Center.”

The new 800,000-square-foot CNA Center will rise 35 stories, with each office floor featuring column-free lease spans with 9’6” floor-to-ceiling glass windows and columnless glass corners. Construction on the project at 151 N. Franklin began on February 29th through a partnership between Lend Lease and JBC.

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