"We recently received our second round of bids for 180 N. LaSalle," Reschke reports. "These bids are currently under negotiation, and the company has not concluded if any are acceptable. There's no doubt the effects of Sept. 11 has had a significant dampening effect on the depth of buyers' interest. Many institutional buyers who were quite active in the market are, quite frankly, sitting on the sidelines. And no one is able to predict how long this malaise of buyer demand will persist."

The largest Downtown office sale to close after Sept. 11 was the $239-million sale of 181 W. Madison St., at $255 per sf. Los Angeles-based Davis Cos. followed through on the deal in spite of a Sept.11 closing's delay because of the terrorist attacks on the US. Before that, 225 W. Washington St. sold at $185 per sf, which would equate to $142.5 million for Prime Group's class A building.

While most of Prime Group's portfolio boasts above-average occupancy, vacancy at the shopped 180 N. LaSalle is nearly 10%. Asking rents are $16 per sf net.