|

CHICAGO-Bethesda, MD-based LaSalle Hotel Properties Inc. hassold the lower floors of the previous One IBM Plaza building at aloss of $8 million. The REIT had acquired the 2nd floor to 13thfloor of the 52-story tower at 330 N. Wabash Ave. situated on thenorth bank of the Chicago River in March 2008.

|

The buyer, who was not disclosed by the seller, paid $58.8million for the property. LaSalle originally had plans to convertthe floors into a hotel. For the full story, go to Crain's Chicago Business.


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.