CHICAGO-Sterling Bay Cos. has agreed to purchase River Center, a 924,800-square-foot building at 111 N. Canal St. An exact price for the property could not be decided, but it is believed that the building could be sold for roughly $100 million, or about $110 a square foot.
The 16-story West Loop building, constructed in 1918, is 80% leased. Chicago-based Sterling Bay is wrapping up a $51-million sale of an office structure at 300 W. Adams St. For the full story, go to Crain's Chicago Business .
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