A nearly century-old office tower on Chicago’s Wacker Drive is for sale in a deal likely to continue a trend of landlords and lenders taking a financial hit on high-vacancy properties in downtowns throughout the country.
Art deco office tower on Chicago’s Wacker Drive hits market in likely short sale
Loan on 41-story building at 121 W. Wacker is for more than $71 million
By Ryan Ori
CoStar NewsOctober 28, 2025 | 3:12 P.M.
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IN THIS ARTICLE
- Properties
- 121 West Wacker
121 Wacker Dr, Chicago, IL
- Companies
- Ameritus
Real Estate
- Deutsche Pfandbriefbank AG
Finance and Insurance
- Contacts
- Jeb Scherb
Managing Partner, Ameritus