A 44-story office tower in Chicago’s Loop business district has changed hands at a more than $300 million discount to its previous sale price in one of the city’s most dramatic examples of price resets since the onset of COVID-19.
Chicago office tower sheds more than $300 million from pre-pandemic price
Discount reflects wave of deals returning to market
By Ryan Ori
CoStar NewsJune 22, 2026 | 8:28 P.M.
RELATED ARTICLES
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
- Properties
- Companies
- Glenstar Properties LLC
Real Estate
- Spear Street Capital
Finance and Insurance
- JPMorgan Chase & Co.
Finance and Insurance
- Contacts
- Jaime Fink
Senior Managing Director & Managing Broker, JLL
- Sam DiFrancesca
Senior Director, Capital Markets, JLL
- Tom Hall
Senior Managing Director, JLL
- Bruce Miller
Senior Managing Director, Office Group Leader, JLL
- Patrick Halloran
Managing Partner, Wayzata Investment Partners