Thursday, December 13, 2012

HFF named to market sale of office and retail at 208 South LaSalle in Chicago



208 South LaSalle, Chicago, IL
CHICAGO, IL – HFF announced it has been named to market for sale the office and retail properties located at 208 South LaSalle, a historic office tower in Chicago’s central business district.  The offering does not include the JW Marriott hotel.

HFF is marketing the property exclusively on behalf of the seller, UST Prime III Office Owner, a joint venture of affiliates of Estein & Associates USA, Ltd., and The Prime Group, Inc. 

Jeff Bramson
The property is listed without a formal asking price, free and clear of existing debt.

The HFF investment sales team representing the seller is led by senior managing directors Jeff Bramson and Jaime Fink and director Mark Katz.

Jaime Fink
 208 South LaSalle was built in 1914 as the headquarters of The Consolidated Continental and Commercial National Bank.  

The property was most recently renovated in 2011 and features 355,411 rentable square feet comprising of 337,400 rentable square feet of office space on floors 13-21 and 18,011 rentable square feet of ground floor retail space. 

  The first 12 floors of the building are comprised of a 610-room JW Marriott Hotel, which is not part of the offering.  

Mark Katz
Major tenants at the property include Community & Economic Development Association of Cook County, Heartland Alliance for Human Needs & Human Rights, the American Heart Association and CT Corporation. 


208 South LaSalle is well-positioned in the heart of the Central Loop, Chicago’s oldest and most established business center.  

Within the Central Loop submarket lies the LaSalle Street Corridor, more commonly recognized as the city’s financial district.  

208 South LaSalle occupies a full city block in the heart of the financial district at the southwest corner of LaSalle Street and Adams Street.  208 South LaSalle Street is next to the Federal Reserve Bank of Chicago and proximate to the financial exchanges in the city, including the Mercantile Exchange, the Board of Trade, the Options Exchange, and the Chicago Stock Exchange, which has helped to draw a number financial service firms to this submarket.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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