(Crain’s) — After leading the $152 million acquisition of the Chicago Board of Trade Building in April, Michael Klein wants to give the tower an image makeover.
Most office tenants see the 44-story Art Deco high-rise as “almost like a closed, clubby building” where traders buy and sell everything from corn to stock index futures, says Mr. Klein, principal at Chicago-based GlenStar Properties LLC. He wants to change that in a push to expand the tower’s tenant base.
“What we’re going to do is really open the building up,” he says.
During a recent tour of the property, Mr. Klein discussed GlenStar’s strategy to bring in new tenants to fill up the building, a third of which is vacant.