150 N. Michigan Ave. on the block
The Jones Lang LaSalle Chicago Investment Sales Team announced earlier this week that they have been hired by the owners of 150 N. Michigan Avenue (formerly the Smurfit-Stone Building) to offer the building for sale.
JLL’s Bruce Miller tells Crain’s Chicago Business that the offering is yet another sign that investors are getting off the sidelines:
“[The current owners] believe the capital markets are strong right now. There’s a lot of debt available and there are a lot of buyers out there looking for good investment opportunities.”
You can read the full Crain’s story on the offering here.