Tishman Speyer Signs OCC at The Franklin

The company will take over 105,000 square feet of office space at the iconic West Loop tower.

By Ioana Neamt

The Franklin, Chicago
The Franklin, Chicago

ChicagoOCC, the world’s largest equity derivatives clearing organization, has signed a 105,000-square-foot lease with Tishman Speyer at The Franklin in Chicago’s West Loop. The deal follows OCC’s recent lease for 46,500 square feet of office space within the Cypress Waters development in suburban Dallas.

The Franklin incorporates two connected buildings at 222 W. Adams St. and 227 W. Monroe St., totaling nearly 2.5 million square feet of office space. The 34-story, Class A tower was designed by Skidmore, Owings & Merrill and is owned and managed by Tishman Speyer.

“The Franklin will provide our colleagues with a great new work environment that better reflects the culture and values of our organization,” OCC Executive Chairman & CEO Craig Donohue said in a statement. “We have been working closely with HDREP, which has decades of experience in addressing the complex office and data center needs of our industry, on a comprehensive, innovative approach to managing our real estate strategy.”

The office complex recently underwent a complete makeover and lobby redevelopment, adding a plethora of new amenities at the site, including a gourmet café, state-of-the-art conference center to accommodate 300 people, full-service, on-site fitness center, and a tenant-only bar and event venue, among others.

“With this transaction and our recent 50,000-square-foot lease in a new building in Dallas, we continue to make significant progress in accommodating our present and future growth, achieving operational efficiencies, and providing a resilient infrastructure to better serve market participants,” stated Donohue.

Image courtesy of Yardi Matrix