Wednesday, July 4, 2018

HFF announces $16 million sale of retail parcel in Chicago’s Central Loop



11 South LaSalle Street, Part of Historic Roanoke Tower,
 Financial District, Chicago, IL

CHICAGO, IL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $16 million sale of a 13,062-square-foot urban retail parcel that is part of the historic Roanoke Tower at 11 South LaSalle Street in the heart of Chicago’s financial district.
Amy Sands

The HFF team marketed the property on behalf of an affiliate of The Prime Group, Inc., a Chicago-based real estate development firm.

Originally constructed in 1915 and renovated in 2015, the 91-percent-occupied retail space is home to Citibank, Roanoke Restaurant, 7-Eleven and T-Mobile. 

The retail parcel is situated below the award-winning, 381-room Residence Inn Chicago Downtown/Loop hotel, the largest Residence Inn hotel in the world, which opened in September 2015 to much acclaim. 

Clinton Mitchell

11 South LaSalle is located at one of the most highly trafficked intersection in downtown Chicago, which sees an average of 28,500 pedestrians, 26,500 vehicles and 23,185 CTA bus passengers each day. 

The property’s dominant location in the Central Loop places it at the epicenter of a rapidly growing 24-hour live-work-play environment with mixed-use office, hotel and retail developments; high-end restaurants and food halls; thousands of multi-family residences and a densely populated daytime wor
kforce population of 540,000.

The HFF investment advisory team representing the seller included senior directors Amy Sands and Clinton Mitchell.

For more information, please contact:

KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420



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