CBRE Now Marketing Harper Court

CHICAGO—Not many developers were launching $106 million office projects in 2009, but the University of Chicago’s commitment to take up a hefty portion of the space in Harper Court, a university-owned, 223,775-square-foot building at 53rd St. and Lake Park Ave., helped kick it off. Now, the university has just hired CBRE to represent it in the structured sale-leaseback or financing of the recently-completed project’s first phase.

“Harper Court was 82% pre-leased when construction began, and as of October 2013 it was 96% leased, including 100% of the office space leased to the University of Chicago,” says a recent report by the Urban Land Institute. “The university lease was put together very early in the development process and was essential to the project’s feasibility.”