The new owners of a 40-story office tower along the Chicago River, who bought at a massive discount to previous pricing with a vow to pour $30 million into major upgrades, unveiled a vision that includes converting the lower five floors.
Sold out of distress last year, 40-story office tower along Chicago River ready for makeover
New owners of 200 S. Wacker Drive to spend $30 million on upgrades
By Ryan Ori
CoStar NewsFebruary 4, 2026 | 9:55 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- Glenstar Properties LLC
Real Estate
- Contacts
- Colton Riemenschneider
Senior Vice President, The Telos Group, LLC
- Michael Klein
Co-Founder & Managing Principle, Glenstar Properties LLC
- Jack O'Brien
Principal, The Telos Group, LLC