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The 22-story office tower at 111 West Washington totals 585,000 square feet. Chicago-based Golub will assume management and leasing of the building that was constructed in 1913.
"Clearly this is a pivotal event, not only for our company, but also for the competitive landscape in our region," says David Grove, managing director at Lee & Associates.
SL Green will use the sale proceeds to build upon its strategy of redirecting capital from dispositions in a healthy investment market to acquire its discounted stock shares.
Clearly Walmart and a long list of other employers have woken up to the fact that a majority of workers are having a lot of trouble simply getting by, never mind getting ahead.
During a recent competitive bidding process, Cushman & Wakefield conducted tours with more than 15 potential buyer groups and received multiple offers for 1 Gatehall Drive.