"This acquisition offers an excellent opportunity to purchase a truly irreplaceable asset with a strong rent roll in one of Chicago's most important office markets," Szady says. "The recent addition of a five-level parking structure gives International Tower one of the highest parking ratios in the area and coupled with its superior location along a four-way interchange offers a true competitive advantage."
The property is located at the Cumberland Avenue interchange of the Kennedy Expressway. That interchange includes a Chicago Transit Authority Blue Line stop at Cumberland.
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