There’s someone out there who probably wishes election season would last forever: the Obama campaign’s landlord.
BentleyForbes Group LLC, which owns a pair of office towers on Chicago’s Michigan Avenue, is in danger of defaulting on its loan, Bloomberg’s Brian Louis reported yesterday. One of those buildings, One Prudential Plaza, is home to Obama 2012.
President Barack Obama’s campaign has paid Bentley more than $1 million since the start of 2011, Federal Election Commission records show. Come Nov. 7, the campaign surely won’t need all 50,000 square feet of its re-election headquarters space — if it needs any space at all.
November is shaping up to be a bad month at One Prudential Plaza.
The building owner also faces the departure of its top tenant, a law firm that has occupied 21 percent of the rentable space in the 41-story tower. Baker & McKenzie LLP plans to leave when its lease expires at the end of next month, Louis writes.