GLL completes sale of office tower on Chicago’s ‘Magnificent Mile’

444 North Michigan Office Tower, Chicago, IL

CHICAGO, IL –– GLL Real Estate Partners, a member of the Macquarie Group, has completed the sale of 444 N. Michigan, a 36-story office tower on Chicago’s ‘Magnificent Mile’ in the city’s Near North Side submarket.

Built in 1976, 444 N. Michigan totals 503,224 square feet and features a large conference center, a fitness center with showers, and secure bike storage.

Chicago's Magnificent Mile at Holiday Time

GLL purchased the building in 2006 and, during its ownership, upgraded the building’s mechanical systems and renovated the entrance and lobby. GLL also added new lobby retail amenities including Starbucks.

GLL Real Estate Partners is the real estate equity investment platform for Macquarie Infrastructure and Real Assets, a division of the Macquarie Group.

 A globally-active real estate fund manager and investment advisor headquartered in Munich, Germany, GLL operates 17 offices across the US, Europe, Asia, and Australia.

Starbucks on Magnificent Mile, Chicago, IL

  The group currently manages USD 8.4 billion, including more than USD 4 billion in the U.S. GLL employs varying commercial property strategies serving an investor group that includes pension funds, insurance companies and sovereign entities.

CONTACT:

Andrew Neilly 
andrew@gallen.com