August 5, 2019 Comments Off on Cboe Readies Sale of LaSalle St. Headquarters Views: 374 Chicago News, Downtown

Cboe Readies Sale of LaSalle St. Headquarters

Cboe Global Markets, the parent company of the Chicago Board Options Exchange, is putting its LaSalle Street headquarters up for sale. The news, revealed on Cboe’s second-quarter earnings call Friday, comes on the heels of reports that it’s considering a move to the redeveloped Old Post Office.

The options exchange operator, which developed its headquarters at 400 S. LaSalle St. in the 1980s, hasn’t formally listed the 350,000-square-foot tower. However, a Cboe spokeswoman told the Chicago Sun-Times the listing is expected in “the coming weeks,” and that the company has already received “multiple indications of interest from potential buyers.”

A move to the Old Post Office would reportedly entail a lease for about 175,000 square feet, down from the 300,000 square feet Cboe occupies at its headquarters. CFO Brian Schell said  the planned relocation resulted from “a reduction of Cboe’s employee work space requirements in Chicago.”

Read more at Chicago Sun-Times

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