The Chicago Teachers’ Pension Fund (CTPF) will relocate offices in the south loop at 425 South Financial Place, on November 22, 2019. The office will close at noon on November 22 and will reopen to the public on Monday, December 2, 2019.
The CTPF Member Services and Administrative offices will occupy the full 14th floor and a portion of the 15th floor, which will include a Board Meeting Room and space to accommodate Trustees, members, visitors, and staff attending meetings and other CTPF events.
The building is a 515-foot tall skyscraper designed by Skidmore, Owings & Merrill, originally built to house the Chicago Stock Exchange, now renovated into a contemporary space. The location includes ample underground parking spaces, a bike room, direct access to bus, CTA and Metra lines, immediate access to highways, and a nearby Divvy bike station.
Chicago Teachers’ Pension Fund
425 S. Financial Place
Chicago, IL 60605-1000
CTPF’s phone and fax numbers will remain the same
CTPF Office Hours: Monday through Friday
Member Services 8:00 a.m. – 5:00 p.m.
Administrative Offices 9:00 a.m. – 5:00 p.m.
The building includes enhanced security measures. Members who plan to visit CTPF for an appointment or public meeting should call Member Services in advance at 312.641.4464 or email email@example.com and ask to be added to the visitor list for the day.
Members visiting CTPF must present a valid, government-issued photo ID to the building’s security team before being admitted to the 14th or 15th floors. Please plan extra time to clear security.
Getting to CTPF
- The building has easy access to CTA rail lines: Orange, Pink, Purple, and Brown adjacent to the building with covered stairs to access the building.
- The Blue line access is across LaSalle Street at Congress, Northeast corner of the intersection.
- There is direct access to LaSalle Street Metra Station
- Divvy bikes are located 1 block away.
- The building has immediate access to I-90/94, I-55, Lake Shore Drive and I-290 expressways
- The building has a bike storage room.
Daily Parking Options
A discounted daily rate of $17 is available to members visiting CTPF. Parking validations are available from the receptionist. You must have a check made out to CTPF to pay for parking. Cash and credit cards are not accepted.
The garage directly across from the building at 425 S Wells St. offers valet parking.
There are additional parking options in the area including IParkit garages:
- 326 S. Wells, Chicago, approximately 1 block
- 211 W. Adams, Chicago
- 17 E. Adams, Chicago
Frequently Asked Questions
Why is CTPF moving offices?
The 15-year lease at our current location ends in 2021. After careful analysis and due diligence, the CTPF Board of Trustees determined that the cost of staying in its current location would be substantially higher than relocating.
Will there be anticipated cost savings?
CTPF estimates savings of about 14% per year compared to the cost of the current location. Overall, CTPF estimates saving $3.8 million over the next 15 years.
How much will it cost to move? Who pays these costs?
A majority of the cost of the move will be covered by the Tenant Improvement Allowance, provided by the new landlord.
Will CTPF pay double rent until their current lease expires?
CTPF will not pay double rent. The new landlord will cover the remaining rent on CTPF’s lease at 203 North LaSalle.
When does CTPF anticipate moving?
CTPF will move on November 22, 2019. The office at 203 N. LaSalle will close at noon on November 22. The office will reopen to the public on December 2, 2019.
How will CTPF communicate the move and impact to members?
The Fund will share information using all communications modalities.
What are some of the advantages that members will experience at the proposed new location?
- Close proximity to Metra’s Electric and South Shore, Rock Island, and BNSF lines, as well as the Milwaukee, North Central, Heritage, and Southwest stations. Ogilvie Station is equidistant from the current space and the new space.
- CTA L riders have direct access to the Orange, Pink, Brown, and Purple lines. The CTA’s Green and Red lines are easily accessible.
- Blue line access is across LaSalle Street at Congress, Northeast corner of the intersection
- Multiple CTA bus routes within one block.
- Convenient expressway access for drivers and in-building parking with reduced daily rates.
- Fully handicapped accessible property.
- Fully secure building with secure access lobby.
- Access to conference rooms and meeting space for Member-facing events.
- Enhanced boardroom audio and video capabilities to make Open Meetings more accessible for members.