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.
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.