Reported Oct 14, 2026 · Source: Bisnow
1 N. Wacker Dr is an office sale in Loop / South Loop, Chicagoland. Other details we have: buyer assumes $353M CMBS loan; seller Irvine Co.; price $550M (reported); size 1.4M SF; about 94% leased. Bisnow reports: “Amancio Ortega, the founder of the fashion retailer Zara, reportedly acquired the 51-story office tower at 1 N. Wacker Drive for about $550M, one of the priciest office deals in the country this year.” Bisnow reports: “The 51-story tower at 1 N. Wacker was completed in 2001 and is about 94% leased to a tenant roster that includes PwC, UBS and Fitch Ratings, according to CoStar.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at Bisnow. What the article says:
Amancio Ortega, the founder of the fashion retailer Zara, reportedly acquired the 51-story office tower at 1 N. Wacker Drive for about $550M, one of the priciest office deals in the country this year.
The 51-story tower at 1 N. Wacker was completed in 2001 and is about 94% leased to a tenant roster that includes PwC, UBS and Fitch Ratings, according to CoStar.
The deal for 1 N. Wacker has been in the works for months, with Irvine Co. reportedly beginning to shop the property as early as January.
Article date: 2026-10-14T18:23:00-04:00
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