The facility, which comprises 45,900-rentable-sf, was built in1989. The space is divided between 22,500-sf of retail space on twofloors and 23,420-sf of office space on six floors. At the time ofthe transaction, the retail space was 58% occupied; the officespace was 40% occupied.

The 100 E. Walton building is located between Michigan Avenueand Rush Street. The buyer plans to position the retail space withrents that are competitive with the neighboring upscale Oak Streetmarket. The space may be divided among several users or leased toone retailer.

The office space, divided into units of 3,900-sf, is suited to asmaller tenant typical to this segment of the Chicago CBD officemarket. According to Hersch Klaff, president, Klaff Realty, "Theretail portion will appeal to merchants seeking space in the activeNorth Michigan Avenue market, while we expect the office portion toattract boutique space users."