Chicago

"We saw this as a great opportunity to provide a structured investment in a development project that is extremely promising, given the ongoing local demand for high-quality residential and retail product," says Matt Drummond, Square Mile Capital.

“203 N. LaSalle St. is in position to capture the interest of growing tenants, like InnerWorkings, seeking large floorplates, new amenities, and access to the city's workforce,” says Transwestern's Jeff Dowdell.

The new 58,000-square-foot lease includes two penthouse floors of 110 North Wacker Drive, set to be Chicago's tallest office building delivered in 30 years.

The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets,

Ralph Cram, president of Envoy Net Lease Partners says why he's looking at medical retail.

“This property required a specific buyer profile and we were pleased with the national investor interest,” says Michael D'Agostino of Kiser Group. “In addition to the buyer's focus on affordable housing, they saw opportunities to add value in the market rate units and the parking garage as well.”

The acquisition, which went into effect immediately upon closing, brings more than 200 Corporate Concierge Services employees into the JLL fold.

The development is one of two co-located library/affordable senior housing projects Evergreen has built onthe city's North Side.