CHICAGO-The 16-story office building at 550 W. Washington Blvd.has reached sales block. Boston-based Beacon Capital Partners Inc.has hired Eastdil Secured to market the 372,000-square-foot officetower.
A person familiar with the property said that the building willfetch between $105 million and $115 million. Real Estate Alertestimated that the building could sell for approximately $120million. The building, constructed in 2000, is more than 93%occupied. Beacon purchased the tower along with three otherbuildings in 2006. For the full story, go to Crain's Chicago Business .
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