The Biggest Office Story in Two Years
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|A grand total of zero buildings traded in the CBD last December. So when JLL's Bruce Miller tells us he sold two buildings just on Wednesday (the same day the Hyatt Center went under contract), we knew we'd have to go overboard on our headline.|
|Bruce repped Mesirow Financial in the $385M sale of 353 N. Clark (the interior is above) as well as selling the 200k SF 79 W. Monroe(sale price not disclosed), which was purchased by Farbman Corp. He says the recent “flood” of sales in December is typical, but we may have forgotten about it during the last two years. (Forgotton, or had it forcibly removed by circumstance.) He expects that 353 will be a great opportunity for buyer Tishman Speyer because it's only 79% leased, giving them a great chance to build tenant mix.|