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.