Login

After Five Years, Chicago Trophy Tower Selling at a Loss

Franklin Street Properties Buying Congress Center for $6M Less Than 2003 Sale Price
By Andrew C. Burr
November 5, 2008 | 9:30 P.M.

Grubb & Ellis Realty Investors is in a deal to send the 522,000-square-foot Congress Center in Chicago to Franklin Street Properties Corp. (FSP), the Massachusetts-based REIT, at a price that is steeply discounted from what the building traded for five years ago.

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


News | After Five Years, Chicago Trophy Tower Selling at a Loss