header_bar

Free-Newsletter
 
Print Magazine sign up here
We want your news! Submit Here
 
Last Updated ( Monday, 04 November 2013 15:52 )
DATE_FORMAT_LC2=Monday,November 04 2013 12:00:00 am EST   
GGP Buys Magnificent Mile Retail for $166 Million

MagMileNLChicago — Grosvenor Americas has sold a 126,000-square-foot retail building at 830 North Michigan Ave. in Chicago's Magnificent Mile shopping district to General Growth Properties Inc. The property sold for $166 million, according to Crain's Chicago.

The property's tenants include Topshop, a London-based apparel retailer, which occupies 50,000 square feet on four levels. Other tenants in the building, located at the corner of North Michigan Avenue and Pearson Street, are Columbia Sportswear and Ghirardelli Chocolates.

Built in 1947 and renovated in 1994, the property was acquired by Grosvenor Americas in 1993. The company owns two other properties in the Chicago metropolitan area — Rice Lake Square in Wheaton and Church Street Plaza in Evanston.

 

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.