News
Hines Seeking Mid-Nine Figures For 321 N Clark
CoStar Group
After a record year for downtown office sales, it looks as though the first office deal of 2016 with a mid-nine-figure price tag is near. Hines Interests is selling 321 N Clark St and is believed to be receiving bids ranging between $350 to $375 per SF. That would put the sales price for the 35-story River North building at $335M.
Hines hired CBRE to entertain bidders, Crain's reports. Hines bought the building for $247M in 2006. The building is 96% occupied and is home to the American Bar Association, which leases 201k SF.
