Ryan Ori

<html><head></head><body><div class="RichTextArticleBody"><div class="RichTextArticleBody-body"><p>The owner of Chicago&#x2019;s Water Tower Place is moving forward with plans to reduce the retail space from eight floors down to three, with JLL enlisted to find a buyer for the upper floors in a deal that could dramatically change the face of one of the nation&#x2019;s best-known multistory malls.</p></div></div></body></html>

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Water Tower Place

The owner of Chicago’s Water Tower Place is moving forward with plans to reduce the retail space from eight floors down to three, with JLL enlisted to find a buyer for the upper floors in a deal that could dramatically change the face of one of the nation’s best-known multistory malls.

JLL marketing top five floors at 845 N. Michigan Ave. for sale

Owner of Chicago's Water Tower Place moving forward with plans to reduce retail space

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The <b>CoStar Power Broker Awards</b> are based on transaction data included in CoStar’s commercial real estate database, the largest and most comprehensive database of commercial real estate information. The methodology used for all company and individual categories can be found <c>here</c>. A complete list of winners by market can be found <a>here</a>.

<b>Business Immo</b> is a CoStar Group news service covering commercial real estate in France.

This article was originally published on <a>Homes.com</a>.

<b>CoStar's Impact Awards</b> highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels of industry professionals who work in the markets they judge. Learn more about the awards <a>here</a>.

CoStar has introduced a new market-based programme recognising the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organisation in commercial real estate. The selected top deals and the real estate firms and individual agents involved in each transaction will be singled out for recognition each quarter. For the purpose of recognising the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

The CoStar Power Broker Awards recognize the top sale and lease deals completed each quarter. All deals that closed during the previous quarter are evaluated by CoStar's research team, the largest professional research organization in commercial real estate. The selected top deals and the real estate firms and individual brokers involved in each transaction are singled out for recognition each quarter. For the purpose of recognizing the top property sales each quarter, CoStar uses estimated sale prices in cases where the actual sale price is not disclosed. The estimate uses sale prices of similar properties in CoStar's property sales database based on the type, age, general size and location as the subject property. All the winners can be found <a>here</a>.

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Owner of Chicago's Water Tower Place moving forward with plans to reduce retail space

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