Login

Macerich Sells 500 N. Michigan Ave. for $86.4 Million

European Consortium Led By Family of New York City-Based Financier Acquire 24-Story Office Tower, to Redevelop First Two Floors as Flagship Retail Space
By Bryce Meyers
CoStar News
December 1, 2017 | 9:54 P.M.

Santa Monica, CA-based The Macerich Co. (NYSE: MAC) shed one of its non-core assets with the sale of 500 N. Michigan Ave. in Chicago to a group of European investors led by the family of New York City-based financier Samuel Schapira.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE