Client: U.S. Bancorp
Location: The Rookery Building, 209 South LaSalle Street, Chicago, Illinois
Size: 73,338 square feet

Overview: U.S. Bancorp hired MB Real Estate to evaluate the costs and benefits of consolidating their three Chicago operations to one facility or renewing the current leases at all three locations.

Approach: As a part of the assignment, MB Real Estate developed a comprehensive strategic plan, which including economic modeling of several scenarios. The team then identified U.S. Bancorp’s options and applied an expert understanding of the impact to the bottom-line created by generally accepted accounting principles. After a through review, U.S. Bancorp decided to consolidate to the Rookery Building.


  • Consolidated U.S. Bancorp into one facility at a savings of over $800,000
  • Negotiated a substantial concession package, which included an above-standard  tenant improvement allowance, a lease assumption of the existing leases, and significant free rent
  • Received prominent exterior signage on historically-significant property within the heart of the financial district
  • Secured favorable expansion and cancellation options for improved flexibility