CHICAGO-A financial services firm has paid $89.9 million for thePalmolive Building retail space on North Michigan Avenue. A ventureof TIAA-CREF, based in New York, purchased the 51,000-square-footretail space at 919 N. Michigan Ave. last month. The property wassold by two affiliates of investor Ross Hilton Kemper.
The Kemper ventures purchased the retail space at the 37-storyPalmolive building in summer 2005 for $54 million fromChicago-based Draper & Kramer Inc. For the full story, go toCrain's Chicago Business .
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