Find Bargains in Two Loop Office Towers: A Sales Market Guide

Investors looking for a bargain have two new options in Chicago’s Loop, with a 49-story office tower at 161 N. Clark St. and 29-story building at 230 W. Monroe St., both coming to market, according to Crain’s Chicago Business . The lender holding the $230 million mortgage on the former is planning to hire a broker for its sale while Eastdil Secured has been tapped by Accesso Partners, owner of the latter property which was purchased in 2014 for $122 million and refinanced with an $87.7 million loan from Morgan Stanley last year, to market it investors without listing an asking price but estimated as close as possible to that balance of that loan amount when sold off successfully.