Cawley Insights

Office Space in Sullivan Center Landmark Sold by JLL

Posted by Dan Cawley on Apr 30, 2018 1:28:29 PM

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A new owner has acquired 833,000 SF in office space at the Sullivan Center in Chicago. According to the article on REBusiness Online, JLL Capital Markets have sold a portion of the building for $176 million to New York-based 601W Companies. In this competitive market, the creative office space and loft ceilings only increased JLL’s chances of finding the right buyer. Bruce Miller of JLL is quoted, “This asset received significant investor interest because of its excellent location and strong tenant base…catering to the progressive tenants driving demand in this market.” Click here to read the full article on REBusiness Online. 

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Topics: aquisition, Brokers, office real estate

Written by Dan Cawley