Morningstar Boosts 108 N. State Deal to 210,000 SF

CHICAGO-Morningstar has solidified its position as the largest tenant at 108 N. State St., signing a 15-year deal with master developer Mills Corp. for 210,000 sf, 25,000 sf more than the two parties announced in September. The investment research firm will now have eight floors in the 400,000-sf office portion of the redevelopment of the former “Block 37,” rather than seven.

Construction of the 16-story office building, which will include CBS affiliate Channel 2′s broadcast studios, is expected to be complete in late 2007. Morningstar, which has a 15-year lease at 225 W. Wacker Dr. that expires in early 2009, hopes to move into the new space in March 2008.

The full city block between Marshall Field’s flagship store and the Daley Center will include about 400,000 sf of retail space as well as up to 300 multifamily units and more than 200 hotel rooms.