Frederick H. Waddell

CNA building gets new tenant — and maybe a new name — as Northern Trust signs deal

CNA building gets new tenant — and maybe a new name — as Northern Trust signs deal

CNA Financial's brightly colored Loop office tower, also known as "Big Red," is getting a new namesake tenant as the insurer prepares to move its headquarters next year to a tower under construction.

Northern Trust Corp. has leased 462,000 square feet in the 45-story building at 333 S. Wabash Ave., and plans to move 2,500 to 3,000 employees there in 2020 from multiple Chicago locations, spokesman Douglas Holt said. Holt said the move will not affect the company's headquarters at 50 S. LaSalle St.

Northern Trust's deal includes signage and naming rights.

The deal, to date the year's the second-largest office lease downtown, is a big step for Chicago developer...

63°