CHICAGO-A pension fund operated by General Electric Co. has finalized plans to sell a 50-story office building at 181 W. Madison. According to sources, Stamford, Connecticut-based GE Asset Management has employed New York-based Eastdil Secured to sell the 936,683-square-foot building.
The sources said that the Class A office tower could trade hands for $300 million and possibly up to $370 million. The property, developed in 1990, is currently 84% leased. Cesar Pelli designed the building. For the full story, go to Crain's Chicago Business .
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