Calculated move by Univac

It was an all-star commercial property lease in November 1967. The Univac division of Sperry Rand (now known as Unisys), then a manufacturer of mainframe computers, signed a ten-year, $1.5 million (equal to $10 million in 2011) lease with Marina City.

Sperry Rand was represented in negotiations with Marina Management Corporation by Arthur Rubloff & Company. Arthur Rubloff (1902-1982) was a developer who in 1947 named a stretch of North Michigan Avenue the “Magnificent Mile.”

Univac was moving from a location, oddly enough, on Michigan Avenue. Its data processing and federal systems divisions would occupy space on the west side of the office building.