Unpaid debt on a big office complex near Chicago’s Millennium Park is for sale in a deal that could lead to a new owner — and new uses — for the two-tower property.
Distressed Chicago office debt hits market
Two-tower complex near Millennium Park could get new owner, and new uses
By Ryan Ori
CoStar NewsSeptember 23, 2026 | 9:19 P.M.
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IN THIS ARTICLE
- Properties
- Michigan Plaza
225 Michigan Ave, Chicago, IL
- Michigan Plaza
205 Michigan Ave, Chicago, IL
- Companies
- Aegis Asset Management
Finance and Insurance
- Barings
Finance and Insurance
- Contacts
- Will Sledge
Senior Managing Director, Loan Sales Leader, JLL
- Jaime Fink
Senior Managing Director & Managing Broker, JLL
- John Mason
Vice President, JLL
- Trent King
JLL