The deal is the largest portfolio sale of Chicago-area realestate assets to hit the market during this economic cycle,according to Jon Winick, president of Clark Street Capital. Roughly95% of the assets are located in the Chicagoland area, with theremainder located in Central Illinois and Western Michigan, Winicktells GlobeSt.com. The exact properties cannot be disclosed at thispoint in the sale process.

On Wednesday, Clark Street Capital sent a memo to investorsregarding the sale, which is expected to close by the middle ofFebruary. Winick says a number of companies have already expressedinterest.

"We have already received dozens of confidentiality agreementssigned without much information yet on the portfolio," he tellsGlobeSt.com. "With the diversity of the pools, we expect a broadspectrum of buyers, ranging from the largest money-center banks tothe mid-size debt funds and the local fee-simple real estate buyerswho are now looking at debt."