Investor appetite for downtown Chicago office properties continues to surge

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The owners of the 200 South Mighican office tower here in Chicago are the latest commercial property owners looking to tap into the surging investor demand for downtown Chicago office buildings.

As was reported in Crain’s Chicago Business recently, Equus (previously know as BPG Properties) has hired JLL’s Bruce Miller and Nooshin Felsenthal to market the 22-story, 360,000-square-foot building to potential bidders.

Miller told Crain’s Chicago Business earlier this summer that the CBD investment sales market “is as good as I’ve seen it in a long time … as good as it was back in ’07 at the peak.”

200 South Michigan (shown above) is the 22nd investment-grade office building to be on the market so far in 2013.

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