Prime Group's portfolio includes Dearborn Center, a $350-million joint venture development more than 60% pre-leased a year before its scheduled completion, expected next year. Besides that 1.5-million-sf project, Prime's Downtown portfolio also includes the 1.35-million-sf One IBM Plaza at 330 N. Wabash Ave.; 944,556-sf 77 W. Wacker Dr.; 874,742-sf 208 S. LaSalle St.; 846,759-sf 33 W. Monroe St.; and 770,191-sf 180 N. LaSalle St.
Central Business District office properties, especially trophy skyscrapers, are considered less desirable in the wake of the destruction of the World Trade Center. Resumption of trading on the New York Stock Exchange Monday saw Prime Group stock fall 4.5% to $13.45 per share.
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