Lincoln Property Co. and the Carlye Group is poised to sell the 1-million-sf 111 E. Wacker Dr. for $156 million while the 810,000-sf 55 W. Monroe2 St. is being sold by J.P. Morgan Investment Management for $105 million, according to MB Real Estate.
Charlesbank also has 200 W. Monroe St. on the market for $90 million, or $138.46 per sf for the class-B asset, MB Real Estate reports. Meanwhile, 325 N. Wells St. is being marketed by Trammell Crow Co.
Although they are new on the market, the richest prices are being sought by the Utah State Retirement System for 120 N. LaSalle St. and Lend Lease for 200 W. Wacker Dr. MB Real Estate notes CB Richard Ellis is marketing the 381,000-sf 120 N. LaSalle St. for $85 million. Meanwhile, Cushman & Wakefield is offering the 756,600-sf 200 W. Wacker Dr. for $150 million, according to MB Real Estate's first-quarter report.
The first three months of 2003 saw 525 W. Van Buren St. sell for $135 million, or $257 per sf, to Triple Net Properties LLC while a 90% interest in the 225,700-sf 150 N. Wacker Dr. was acquired for about $40 million by a German-based investment firm. U.S. Equities Realty also notes 168 N. Clinton St. went for $3.875 million, or $72 per sf, to Henry Crown & Co. while 202 S. State St. was bought by Marc Realty for $1.25 million, or just $28 per sf.
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