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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 $10.6 million in 2014) lease with Marina City.
Sperry Rand was represented in negotiations with Marina Management Corporation by Arthur Rubloff & Company. Arthur Rubloff 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.
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