Sterling Bay leases full floor space at 123 N. Wacker

Sterling Bay has announced that it has secured a tenant for a 20,000 square-foot, full floor office space lease at 123 N. Wacker Drive. Leading wholesale specialty insurance distributor CRC Group will occupy the building’s 19th floor.

“This lease underscores the strong leasing momentum we’re seeing not only at 123 N. Wacker Drive, but across the downtown office market,” said Andy Gloor, CEO at Sterling Bay. “Sterling Bay continues to attract forward-thinking, growth-oriented companies to some of the city’s most competitive office properties. We’re proud to serve as a trusted third-party partner in leasing, property management and asset management on behalf of ownership.”

Since assuming leasing and management responsibilities at 123 N. Wacker last year, Sterling Bay’s full-service team has played a key role in advancing the property’s momentum by expediting leasing and closing transactions more quickly. The CRC Group lease underscores the appeal of modern, amenity-forward buildings that prioritize accessibility, wellness and experience.

Situated on Chicago’s iconic Wacker Drive, 123 N. Wacker offers a wide range of tenant amenities including a newly renovated lobby, expansive tenant lounge, a fitness center, coffee bar, conferencing center and upcoming ground-floor retail. Its proximity to major commuter hubs like Ogilvie and Union stations and several CTA stops makes it a premier destination for organizations focused on attracting and retaining top talent.

Sterling Bay serves as the third-party property, asset and leasing partner at 123 N. Wacker Drive, leveraging its market expertise, tenant relationships and creative leasing strategies to attract high-quality, long-term tenants. With continued leasing momentum and a focus on activating best-in-class office space, Sterling Bay is committed to positioning 123 N. Wacker and Chicago’s downtown core for long-term success.