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| 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.
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| 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.
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| 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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