CHICAGO – March 21, 2016 –John Slivka, vice president with CBRE, recently represented the owner in the sale of 175 N. Franklin St. in Chicago to a foreign investor for $8.3 million.
The four-story, 42,552-square-foot property is currently 100 percent leased. The majority of the building is loft office space, but it also contains several street-level retail spaces. Located in the West Loop submarket, one of the strongest and most sought-after submarkets in the CBD, the property offers easy access to both Metra and El Train public transportation. The building yielded multiple interested parties.
“This property’s classic loft design and very attractive West Loop location, with superb access to public transportation, helped draw strong interest from a variety of buyers,” said Slivka.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.