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Friday, October 6, 2017

Middle Market Digest-The Midwest

Source: GlobeSt.com
By Brian J. Rogal

CHICAGO — NRC Realty & Capital Advisors, LLC, in conjunction with Newmark Knight Frank, is offering for sale four contiguous properties on the site of the historic former headquarters of Sears, Roebuck, & Co. and Allstate Insurance Co. Located in Chicago’s Homan Square neighborhood, which is four miles west and a 10-minute drive from downtown Chicago, the site includes the former Sears Administration Building, a five-story structure with 280,558 total square feet and large floor plates. It also has the former Allstate Headquarters, an 11-story building with 324,147 total square feet, an 1,150 space three-story parking structure, and an adjacent 3.42-acre vacant development site. The Homan Square campus has several million square feet of space and has been undergoing continuous redevelopment for years. Most recently, the Lofts on Arthington, a 181-unit apartment building was opened and is already fully leased.