Thompson Center Leaseback Worth $220 Million to Illinois Taxpayers

Real Estate Alert has revealed that Illinois' Department of Central Management is expected to decide this week whether to hire a broker for its pending offering of the 1 million-sf office building at 100 West Randolph Street in Chicago. So far, the state has received inquiries from Cushman & Wakefield, CB Richard Ellis, Eastdil Realty and Jones Lang LaSalle regarding the potential listing. The property, known as Thompson Center, could fetch up to $220 million. Governor Rod Blagojevich unveiled plans for the sale an leaseback in his budget blueprint for next year to avoid increases in the state sales or income taxes. Sphere: Related Content