February 3, 2026

Glenstar Unveils Renderings for Transformative $25M Redevelopment of 200 South Wacker Office Tower in Chicago’s West Loop

CHICAGO (Feb. 3, 2026) — Chicago-based Glenstar, together with a private investor, announced it has embarked on the $25 million transformative redevelopment of 200 South Wacker, a 40-story, Harry Weese-designed office tower that helped shape Chicago’s modern Wacker Drive corridor.

The redevelopment reactivates the architectural strengths of the steel-and-glass tower, including its generous setbacks that deliver exceptional natural light and sweeping views of the river and skyline, while also introducing a hospitality-driven amenity experience spanning five levels of the 761,775-square-foot building.

For the first time since the building’s completion, the entire lobby level and the amenity spaces will be comprehensively redeveloped. “The end result will be a highly visible, interconnected collection of amenities that tenants engage with daily, fostering energy and community,” said Michael Klein, co-founder and managing principal of Glenstar. “The connectivity between these unique spaces is quite special and will be a true differentiator in today’s office market.”

A New First Impression on Wacker Drive
Upon arrival, tenants and visitors will be greeted by new pavers and elevated landscaping, setting the tone for the experience within. According to Klein, these enhancements lead into a completely renovated three-story atrium lobby, where luxury finishes, warm materials, an illuminated architectural feature wall and layered lighting create dramatic sightlines and a sense of arrival.

Clear views extend across the lobby, beyond the redesigned elevator lobby, to the riverfront bar and lounge that invites tenants and their guests into the club-like experience. Spanning four floors, this tenant-exclusive destination is anchored by a new sculptural staircase connecting the lobby to the river level and second floor, reinforcing a sense of openness and fluidity.

“By seamlessly linking the building’s most active spaces, the lobby becomes a social hub that functions more like a hotel than a traditional office tower where tenants move naturally between work, meetings and moments of recharge—creating an environment that feels intuitive, energized and purpose-built for how people use offices today,” said Klein.

The ever-popular Mojo Coffee will feature a refreshed design and remain in its current first-floor location, where patrons can sip coffee while experiencing the buzz of Wacker Drive.

Vertically Connected Amenity Experience
The amenity experience at 200 South Wacker unfolds vertically, inviting tenants to move seamlessly between spaces designed for leisure, wellness and connection. At the river level, a golf club will feature two state-of-the-art simulators, a putting green for friendly competitions, club-style lounge seating and ample space for entertaining.

Returning to the lobby level, tenants can unwind in the riverfront lounge featuring a full-service bar and a grand fireplace that opens directly onto a newly expanded patio cantilevered over the riverfront with a large outdoor fire pit and lounge seating—creating one of the city’s most distinctive indoor-outdoor tenant environments.

Up the staircase on the second floor, tenants will find a parlor gaming area, enclosed library and a listening lounge, a creative space where people can gather, relax and enjoy their favorite music in an intimate setting.

Together, these spaces serve as the heart of the building, noted Klein, as they will support casual meetings, post-work gatherings and tenant events through Glenstar Connect, a proprietary tenant engagement program that fosters community and enhances day-to-day experiences through events, programming and building services.

Wellness Overlooking the River
The third floor will offer a new, full-floor health and wellness club overlooking the river, with dedicated areas for free weights, strength and recovery training, cardio, and a group fitness studio offering regularly programmed classes. Spa-inspired locker rooms will feature stylish vanity and dressing areas filled with natural light, along with cold plunges and infrared saunas.

Elevated Conference Experience
Showcasing panoramic views, including those of the Chicago River and Lake Michigan, the entire 34^th floor will be redefined as a premier conference center accommodating over 180 people. Designed to support a range of meeting and event formats, the space will include breakout rooms, pre- and post-function areas and a high-end executive suite for private meetings. Tenants will also have access to the adjacent rooftop deck.

Partners by Design serves as project architect and J.C. Anderson serves as general contractor. With architectural renderings complete, construction is expected to begin at the end of February, with full delivery by the end of 2026.

“Chicago’s office market is more competitive than ever, and tenants are gravitating to buildings that deliver a true, hospitality-driven experience,” said Klein. “At 200 South Wacker, we’re amplifying the property’s highly desirable West Loop and riverfront location, along with its unmatched transit access.”

Backed by Flexible, All-Cash Ownership
The redevelopment is supported by an all-cash ownership structure, giving Glenstar and its partner the flexibility to respond quickly to tenant needs and market dynamics.

Along with its trophy location directly across the river from Union Station, the transformation positions 200 South Wacker to capture renewed leasing momentum in the West Loop, where demand for high-quality, amenity-rich office space continues to outpace outdated inventory.

The repositioning of 200 South Wacker builds on Glenstar’s successful recapitalization of its Presidents Plaza office complex near O’Hare, where similar targeted investment and tenant-focused improvements spurred significant leasing momentum.

Flexible, Move-In-Ready Spec Suites
As part of 200 South Wacker’s redevelopment plan, Glenstar is wrapping up construction on five fully furnished, move-in-ready spec suites making up over 52,000 square feet to meet tenant demand for flexible space. Options range from a full-floor, 23,503-square-foot suite on the fifth floor to 5,000- to 10,000-square-foot suites on the 15th, 16th and 36th floors. Spec suite buildouts are underway and scheduled for completion by February 2026.

Glenstar serves as the property’s asset and property manager, while The Telos Group is the exclusive leasing agent. For leasing inquiries, contact Jack O’Brien or Colton Riemenschneider at The Telos Group.

Discover even more at 200southwacker.com.

View all 200 South Wacker renderings via Dropbox here. Please credit all design to Partners by Design.

About Glenstar:
Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

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January 20, 2026

Glenstar Announces New Golf Simulator, Spec Suites and Building Upgrades at Presidents Plaza in Chicago’s O’Hare Submarket

CHICAGO (Jan. 15, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, announced it has delivered three spec suites, opened a tenant-only golf simulator amenity with two bays, and completed renovations to common areas and restrooms at Presidents Plaza, a two-tower office complex the firm and a private investor acquired in an all-cash transaction in October 2024. The 831,442-square-foot property is located at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport.

“After resetting our basis with a strong capital partner, we were able to move quickly to execute our vision for further modernizing the already highly amenitized Presidents Plaza,” said Michael Klein, co-founder and managing principal of Glenstar, which also serves as leasing agent and property manager for the property. “That strategy paid off quickly, helping us attract new tenants, while also renewing several existing tenants over the past year.”

Spec Suites
Three spec suites were delivered in August on the sixth and eighth floors of 8700 W. Bryn Mawr Ave, and two have already been leased.

Aero Performance Group, a mechanical contracting firm specializing in virtual design, construction, service, maintenance, HVAC, plumbing and fire protection, leased a 9,178-square-foot suite.

“Relocating to Presidents Plaza is a statement about who we are and where we’re headed,” said Nick Muscolino, vice president of Aero Performance Group. “This move allows us to create an environment that empowers our employees and strengthens our ability to serve clients across the country. It’s a bold step forward that aligns perfectly with Aero’s vision for growth and leadership in the industry.”

The Association of Legal Administrators (ALA), a professional membership organization supporting law firms and legal department managers, leased a 4,406-square-foot suite.

“Given the early success, we plan to deliver additional spec suites this year,” said Klein. “Spec suites offer tenants speed to occupancy, cost savings and flexibility, plus turnkey space with elevated finishes that’s difficult to match through a traditional buildout.”

Golf Simulator
Exclusively available to tenants, The Links at Loop Lounge opened in September and features two state-of-the-art golf simulator bays along with comfortable lounge seating. Designed as a social hub, the amenity gives tenants a place to connect, unwind and build community year-round.

“Lifestyle-oriented amenities like a golf simulator elevate the office experience and help bring people together,” Klein said.

Recent Lease Transactions
The latter half of 2025 also saw two tenants choose to relocate to Presidents Plaza: Sumitomo Corporation of Americas, which signed an 11,499-square-foot lease, and L&W Supply Corp., which leased 4,042 square feet.

This leasing activity follows a surge of new leasing between late 2024 and May 2025 that totaled 100,000 square feet.

Presidents Plaza also offers a dramatic three-story atrium lobby, a three-level health club, fully renovated lounge, a public café with seating and a conference center.

The property is located at the intersection of Cumberland Avenue and Interstate 90 and offers direct access to the CTA Blue Line, providing convenient transit options to downtown Chicago and the suburbs. The surrounding area includes a variety of dining, entertainment and retail options.

For leasing information, contact Bill Saviski or Christian Domin at Glenstar.

About Glenstar: Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

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November 19, 2025

Glenstar Logistics Inks 1.3 Million-SF Industrial Lease at CCC-85 in Gaffney, S.C.

GAFFNEY, S.C. (Nov. 19, 2025) — Glenstar Logistics today announced it has leased 1.3 million square feet to First Solar at its 290-acre Cherokee Commerce Center 85 (CCC-85) industrial park in Gaffney, S.C. Developed by Glenstar and capital partner Creek Lane Capital, CCC-85 will house First Solar’s new $330 million, 3.7 GW manufacturing plant, which is expected to create more than 600 jobs and begin operations in the second half of 2026.

CCC-85’s Building 2, a cross-docked 550,520-square-foot speculative building at 121 Logistics Drive, will be expanded to 1.3 million square feet to accommodate final assembly of First Solar’s Series 6 solar modules, which are large-format, thin-film solar panels known for strong performance in high temperatures. The facility will transform thin-film solar cells produced by First Solar’s international fleet into fully assembled modules.

“This tenant is the largest American solar manufacturer, and this facility will allow them to scale up their domestic supply chain and help meet today’s massive demand for reliable and affordable energy,” said Michael Klein, co-founder and managing principal of Glenstar. “First Solar’s selection of CCC-85 validates the decision we made three years ago to develop this world-class industrial park along Interstate 85, one of the country’s most critical supply chain corridors.”

Due to its location in upstate South Carolina’s I-85 industrial corridor, CCC-85 benefits from the region’s skilled workforce and Tier 4 job tax credit, which provides $25,000 per new job. According to First Solar, jobs at the new plant will have an average salary of $74,000 per year, approximately twice the per-capita income in Cherokee County.

Glenstar Managing Principal Brian Netzky had firms like First Solar top of mind when he identified the CCC-85 site, spearheaded the industrial park’s layout and helped design the spec building from a tenant’s point of view. The industrial park’s first building broke ground in Q3 2023.

“The Southeast continues to see explosive population growth, and major public companies like First Solar are looking for big-box industrial facilities that can be quickly adapted to suit tenant needs in real time,” said Netzky. “With this new lease, we’re helping deliver an operation that will play a significant role in supporting the nation’s growing AI-driven energy demands.”

First Solar already operates a distribution center in Duncan, S.C., and maintains a longstanding partnership with Inland Port Greer, located just 25 minutes from CCC-85. The publicly traded company has the largest solar technology manufacturing and R&D footprint in the Western Hemisphere, including five U.S. facilities.

Upon full build-out, CCC-85 will total at least five buildings and encompass 3.6 million square feet at the intersection of Hyatt Street/SC Highway 105 and I-85. Located at the four-way, highly amenitized I-85/Highway 105 interchange, CCC-85 is only 30 minutes from the Charlotte metro area and within a day’s drive of more than 135 million consumers.

Michael White of Savills and Nate Zoucha of CBRE represented First Solar in the lease transaction. John Montgomery, Garrett Scott, Dillon Swayngim and Brockton Hall of Colliers’ Spartanburg office represented ownership. Evans General Contractors has been selected as the general contractor for the expansion, with Ware Malcomb serving as the architect and SeamonWhiteside as the civil engineer.

About Glenstar:

Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar to not only pursue and execute opportunistic projects but also oversee and manage them seamlessly.

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September 2, 2025

Glenstar and Singerman Announce Three Office Leases Totaling 70,000 SF at Terraces at Solana in Dallas’ Southlake/Westlake Submarket

WESTLAKE, Texas (Aug. 25, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, and its joint-venture partner Singerman Real Estate, a private investment firm, today announced they have signed three new office leases totaling 70,000 square feet at Terraces at Solana, an eight-building, 1.1 million-square-foot office complex at 1500 Solana Blvd. in Westlake, Texas, a northern suburb of Dallas-Fort Worth.

With these leases – representing headquarters relocations for two high-profile local companies and one new-to-market global headquarters – Terraces at Solana is now nearly 80% leased, up from 50% just a few years ago.

“These tenants chose to relocate to Terraces because it checks every box – location, flexibility, amenities and a sense of community,” said Kristi Layton, Glenstar’s vice president and general manager of Terraces. “We’re seeing companies prioritize environments that support their people, and Terraces delivers on that with hospitality-driven management, move-in-ready spaces and a campus atmosphere that enhances both productivity and well-being.”

Much of this leasing momentum stems from ownership’s $25 million renovation of the complex in 2021, which transformed it into a creative, welcoming and highly amenitized corporate destination. The campus features nearly 50,000 square feet of amenities, including a full-service restaurant, an upscale lounge with bar service, multiple indoor and outdoor seating and collaboration areas with firepits and scenic water features, bocce ball courts, a technologically advanced tenant conference center, a large state-of-the-art fitness facility with luxury locker rooms and covered parking throughout the campus.

M1 Support Services

M1 Support Services, a national defense contractor providing a complete range of aviation solutions, will relocate its headquarters from Denton, Texas, to Terraces following the completion of tenant buildouts. M1 (short for “Mission First”) signed a lease for 26,000 square feet on the second floor of the 123,862-square-foot Building 5.

“After a lengthy and thoughtful process of selecting from several properties in the DFW metroplex, the Terraces provided the best overall value highlighted by first-class amenities that will benefit our employees,” said Michael Frazier, chief operating officer of M1.

An industry leader in aviation services since 2003, M1 has grown to more than 5,000 employees. M1 partners with the U.S. Government, allied, and partner nations to enhance mission readiness and increase effectiveness. Its clients include the U.S. Air Force, U.S. Army, U.S. Navy and the General Services Administration.

CENTURY 21 Mike Bowman, Inc.

CENTURY 21 Mike Bowman, Inc. will relocate to a newly renovated, 18,000-square-foot headquarters space at Terraces in September. The firm is moving from a 16,888-square-foot office in Grapevine, Texas, to the first floor of the 274,992-square-foot Building 8.

“Choosing to relocate to Terraces at Solana was a strategic decision driven by our commitment to enhancing work-life balance for our agents, staff and managers,” said Dave Bowman, president of CENTURY 21 Mike Bowman, Inc. “Westlake itself was a draw, but what truly set Terraces apart were its exceptional on-campus amenities.

“The state-of-the-art conference center enables us to host national CENTURY 21 events – something not feasible at our previous location,” Bowman continued. “The inviting cafeteria and lounge spaces encourage collaboration, while the fitness center’s top-tier equipment and classes promote team wellness. Outdoor amenities, from fire pits to tranquil water views, create a peaceful environment that supports productivity and balance.”

Bowman also praised the on-site Glenstar property management team and its organization of community-building events via its signature app – Glenstar Connect. “These gatherings foster community and allow us to build meaningful relationships and expand our professional network within the campus,” he said.

Founded by Mike Bowman in 1971, the full-service real estate firm now includes over 200 agents and 30-plus in-house staff. It ranks as the #1 CENTURY 21 office in Texas and has been named one of the top CENTURY 21 offices globally 18 times.

Pluralsight Inc.

Pluralsight Inc., a global technology workforce development company, has moved its corporate headquarters from Draper, Utah, to Terraces. The company signed a lease for 26,000 square feet and took occupancy on July 21, relocating to the fourth floor of the 120,543-square-foot Building 6.

Founded in 2004, Pluralsight offers more than 7,000 curated video courses, hands-on labs, skill benchmarking tools, and tailored learning paths across key tech disciplines including cloud, AI, cybersecurity and software development. The company serves over 23,000 businesses and has a global team spanning Ireland, Australia, India and the U.S.

About Glenstar:

Glenstar is a Chicago-based national commercial real estate firm specializing in industrial development, reimagined office and multifamily properties. Founded in 2004 by Michael Klein, along with Rand Diamond, Glenstar has successfully developed or redeveloped more than $2 billion in commercial space comprising 10 million square feet across the U.S. Its nimble, tenant-focused approach and vertically integrated structure allow Glenstar not only to pursue and execute opportunistic projects, but also to oversee and manage them seamlessly.

About Singerman Real Estate:

Singerman Real Estate, LLC (SRE) is a Chicago-based opportunistic real estate investment firm with over $5 billion of assets under management. SRE has deep experience executing complex transactions and unlocking embedded value through the ownership of properties, real estate loans and operating companies. SRE focuses on maximizing risk adjusted returns through investments in both debt and equity across all major asset classes including industrial, life science, multifamily, hospitality, office, and retail in addition to other niche real estate asset classes.

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July 24, 2025

Glenstar Announces 100,000 SF in New Office Leases at Presidents Plaza in Chicago’s O’Hare Submarket

CHICAGO (May 21, 2025) — Chicago-based Glenstar, a national commercial real estate developer, owner and property manager, announced it has executed three leases totaling 100,000 square feet at Presidents Plaza, a two-tower, 831,442-square-foot office complex at 8600-8700 W. Bryn Mawr Ave., near O’Hare International Airport. The lease agreements follow the October 2024 sale of the property to a joint venture of Glenstar and a private investor.

“With these leases, we’re already reaping the benefits of our recapitalization of President Plaza and our commitment to fund tenant improvements, build spec suites and upgrade amenities,” said Michael Klein, co-founder and managing principal of Glenstar, which also serves as the leasing agent and property manager of Presidents Plaza. “Our commitment of new capital also allows us to offer flexibility and lease terms that align with our tenants’ operational needs and individual growth trajectories.”

In April, Glenstar signed a 40,000-square-foot office lease at Presidents Plaza with FM, a global commercial property insurance and loss prevention company that will relocate its regional office to Presidents Plaza from Park Ridge, Ill. Formerly known as FM Global, FM has a network of offices in the U.S. and internationally. Its clients operate across a variety of industries and include one in four Fortune 500 companies.

“We are thrilled to have FM as a tenant at Presidents Plaza,” said Klein. “Its choice to relocate to Presidents Plaza is a testament to the complex’s high-quality office experience, from lifestyle-oriented amenities to a responsive property management team.”

Glenstar also executed a 40,000-square-foot lease with Do It Best, the Fort Wayne, Ind.-based home improvement retailer that acquired True Value last year.

In the third transaction, current tenant Meitheal Pharmaceuticals, a biopharmaceutical company named the second-fastest growing company on the 2024 Crain’s Chicago Business “Fast 50” list, signed a 20,000-square-foot expansion lease that doubles its footprint to 40,000 square feet.

“Having our offices at Presidents Plaza has been a great fit for our growing team,” said John Spilman, vice president of corporate strategy of Meitheal Pharmaceuticals. “The central location offers easy access from across the Chicagoland area — including both the city and suburbs — and the availability of public transportation from downtown makes commuting simple and efficient. The amenities, including the modern lobby, welcoming lounge, fitness center and onsite dining options, enhance the daily experience for our employees. As we’ve grown, Presidents Plaza has continued to be a true partner, working with us to ensure our office space evolves to meet our needs today and in the future.”

The new ownership at Presidents Plaza is investing $16 million in improvements across the two buildings. Among its many enhancements, a golf simulator is slated to open this summer. Spec suites are also being constructed, featuring in-demand features such as open ceilings, collaborative workspaces and conference rooms with state-of-the-art A/V equipment. These improvements add to the property’s $34 million in renovations completed in 2019 that included the redevelopment of a three-story atrium lobby, three-level health club, fully renovated lounge, café with seating and conference center facility.

Presidents Plaza is centrally located at the four-way intersection of Cumberland Avenue and Interstate 90 and offers direct access to the adjacent CTA Cumberland Blue Line station, allowing tenants to recruit from both the suburbs and city. The property is also surrounded by numerous retail, restaurant, entertainment and hospitality offerings.

About Glenstar:

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January 8, 2025

Glenstar Logistics Completes Construction of First Building at CCC-85, 290-Acre Industrial Park in Gaffney, South Carolina

GAFFNEY, S.C. (JAN 8, 2025) — Developer Glenstar Logistics today announced it has completed construction of CCC-85 Building 2, the first of five buildings at its new 290-acre Cherokee Commerce Center 85 (CCC-85) development in Gaffney, S.C., adjacent to Interstate 85 in upstate South Carolina’s Cherokee County industrial corridor.

“We’ve seen a significant uptick in distribution and manufacturing users interested in leasing space in the new building, especially with its heavy power profile and water and sewer capacity,” said Brian Netzky, managing principal of Glenstar Logistics. “At the end of 2024, tenants started making lease commitments at a faster pace than earlier in the year, and we think that momentum will continue this quarter. Top on their wish list is modern space with substantial power, and abundant truck parking and outdoor storage to meet today’s logistical and operational requirements.”

At the end of the third quarter, vacancy in Cherokee County had decreased to 6.1%, according to Colliers. The brokerage’s Q3 industrial report also noted that in-market tenants are beginning to trade older Class B and C buildings for Class A spaces.

Built on a speculative basis, the cross-docked 550,520-square-foot building can be expanded to 1.3 million square feet. Potential uses include warehousing and distribution, advanced manufacturing, food processing, assembly/light manufacturing and refrigeration/cold storage. The building features 40-foot clear heights, 56-feet-by-50-feet column spacing, 60-foot speed bays, up to 232 dock doors, four drive-in doors and abundant flexible parking while accommodating up to 200MW of power within three years. Upon full buildout, the park will total up to 3.6 million square feet. Tenants of CCC-85 will also have access to Cherokee County’s skilled workforce along with Tier 4 economic development incentives.

Located at the four-way highly amenitized I-85/Highway 105 interchange, CCC-85 sits across I-85 from Boysen’s manufacturing plant, which supplies BMW’s manufacturing facility 31 miles away in Spartanburg; a Freightliner Custom Chassis manufacturing plant; and a Nestlé USA frozen food factory. The park is 25 minutes from Inland Port Greer and 30 minutes from the Charlotte metro. From CCC-85, tenants can reach more than 135 million consumers within a day’s drive.

Glenstar Logistics’ partners at CCC-85 include capital partner Creek Lane Capital, general contractor The Conlan Company, architect Ware Malcomb and civil engineer SeamonWhiteside, with CrossHarbor Capital Partners supplying $38.2 million in construction financing. John Montgomery, Garrett Scott, Brockton Hall and Dillon Swayngim of the Spartanburg office of Colliers are marketing the building on behalf of ownership.

About Glenstar Logistics:

Glenstar Logistics, the industrial arm of Glenstar, develops and invests in state-of-the-art warehouse, distribution and manufacturing facilities primarily in the southeast region of the United States. Headquartered in Chicago, Glenstar Logistics leverages decades-long relationships with local brokers, logisticians and end users to provide a unique insight on key factors tenants evaluate when making site selections. With 400+ acres currently under control, the team combines decades of real estate experience and proprietary third-party data analytics to direct every aspect of the development process with the end user in mind.

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