Baker & McKenzie Signs Lease at Health Care Service Corporation Headquarters, 300 E. Randolph
CHICAGO – Health Care Service Corporation (HCSC) has signed a 16-year agreement to lease approximately 230,000 square feet of space in its headquarters building at 300 E. Randolph in Chicago to Baker & McKenzie, a leading global law firm.
The Lease Agreement was signed on December 16, 2009, with commencement beginning December 1, 2012.
The vertical completion of the 300 E. Randolph building brings the total number of floors to 51 from 33, with 19 new floors of office space. Baker & McKenzie will lease approximately 7 ½ floors of space in the high-rise.
"HCSC is pleased that such a firm with the reputation of Baker & McKenzie chose our building over other options in the marketplace," said Andrew Pini, HCSC's Divisional Senior Vice President of Corporate Real Estate and Development. "Baker & McKenzie attorneys and professional staff will enjoy the building's many amenities, ranging from its unparalleled views of the lakefront and Grant and Millennium Parks, to its proximity to major transportation routes and public transportation facilities."
Approximately 700 Baker & McKenzie attorneys and professional staff will move into the building. All of them will have access to the building's two cafeterias, lower level conferencing and auditorium spaces, as well as pedway level retail facilities.
In addition, Baker & McKenzie will have the opportunity to use the building's new 30th-floor conference center and the newly landscaped outdoor plaza.
Baker & McKenzie was represented by Bill Rogers and Steve Steinmeyer of Jones Lang LaSalle.
About Health Care Service Corporation
Health Care Service Corporation is the country's largest customer-owned health insurer and fourth largest health insurer overall, with 12.4 million members in its Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association.
About Baker & McKenzie
Founded in 1949, Baker & McKenzie provides sophisticated advice and legal services to many of the world's most dynamic and successful organizations through more than 3,900 locally qualified lawyers and more than 5,800 professional staff in 67 offices and 39 countries. Baker & McKenzie is known for having a deep understanding of the language and culture of business, an uncompromising commitment to excellence, and world-class fluency in the way we think, work and behave. Baker & McKenzie's global revenues for the fiscal year ended June 30, 2009, were US $2.11 billion. John Conroy is Chairman of the Firm's Executive Committee. (www.bakernet.com)
For More Information Contact:
- Mary Ann Schultz, Senior Manager of Media Relations, (312) 653-6701, Maryann_Schultz@bcbsil.com
- Bridget Houlihan, (312) 653-4668, Bridget_Houlihan@bcbsil.com