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| 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.
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| 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.
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| 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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