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NOI Net Operating Income N/A
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Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1892
Building Area

Property Description

Now vacant, the Property provides an investor the opportunity to transform 487,022 rentable square feet ("RSF") spanning nearly an entire city block that once served as the historic flagship location of Sears, Roebuck and Company. Due to the Property's architectural and historic significance, 401 South State is designated as both a national and Chicago landmark, providing the opportunity for Class L designation, significantly reducing operating expenses and generating a substantial competitive advan-tage. With large, 50,000+ RSF floor plates and nearby access to the largest underground parking system in the United States, the Property caters to a wide variety of users, including large corporate, creative office, medical office and life science occupiers.

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the 100% fee simple interest in 401 South State Street* (“401 South State” or the “Property”). 401 South State is truly a generational opportunity to transform a national landmark utilizing thoughtful, health-conscious design.
Jeff Bramson
Jeff Bramson
Senior Managing Director Office Head
Licensed in
IL-471.009696
Jaime Fink
Jaime Fink
Senior Managing Director
Licensed in
471.010204 WI-54163-90 VT-081096202

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