Chicago mid-rise sells for nearly $30M

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Marcus & Millichap recently arranged the sale of a 156,718-square-foot, multitenant office building in downtown Chicago. The value of the transaction was $29.9 million. The property, 19 S. LaSalle St., is a 16-story building that includes 19,562 square feet of ground-floor retail space. An unidentified entity sold the property to 19 South LaSalle Street LLC. At the time of sale, the property was 93 percent occupied by a large number of smaller tenants. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. ...