As was reported recently by Crain’s Chicago Business, the owners of Chicago’s John Hancock Center have boosted its overall value to $410 million by cutting the building into pieces (ie, office, retail, SkyDeck, etc.).
In the story,JLL office investment sales expert Bruce Miller tells Crain’s that the owners of Willis Tower have something to learn from the Hancock strategy:
“The office, observatory and antenna pieces in [Willis Tower] would probably be attractive to separate investors as well.”
Click here to read the full story.