The John Buck Co. is also a minority owner, as well as managerand leasing agent for the building. The property is expected tosell for up to $160 million, sources say.

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The building is being sold with an existing mortgage, says JaimeFink, managing director with Holliday Fenoglio Fowler LP. "It is acore asset with attractive (and) assumable financing," he says.Fink said that he could not disclose the interest rate.

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Fink, Jeff Bramson and Ken Glomb, all with Holliday FenoglioFowler, are marketing the building, which is in Chicago's RiverNorth neighborhood. The 29-story building was constructed in 1990at the corner of State Street and Grand Avenue. The building is 94%leased. Major tenants include the American Medical Association andthe Accredited Council for Graduate Medical Education, which signeda lease in late 2006 for two full floors. The building has anaverage lease term of eight years.

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The property is near two Chicago Transit Authority subwaystations, Michigan Avenue and Lake Shore Drive. The building isalso near the Shops at North Bridge, which was acquired at thestart of the year by a joint venture of Macerich and the AlaskaPermanent Fund Corp. for $515 million, as previously reported byGlobeSt.com.

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The AMA, which has its 325,000-sf headquarters in the building,has been in the market for new space,as previously reported by GlobeSt.com, and hopes to move into thetop of the planned Union Station office expansion. However,financing for that project has still not been obtained, and thenot-for-profit organization's move to Union Station isn't yet asure thing, sources say.

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