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Big Chicago Office Complex Near O’Hare Airport Hits Market

Presidents Plaza Is Expected To Sell for Far Less Than $147.5 Million Value of Current Owners’ Debt

The Presidents Plaza office complex near Chicago’s O’Hare International Airport is for sale. (Emilia Czader/CoStar)
The Presidents Plaza office complex near Chicago’s O’Hare International Airport is for sale. (Emilia Czader/CoStar)

A huge office complex near Chicago’s O’Hare International Airport is for sale in a deal unlikely to pay off the longtime owners’ debt on the property, a scenario that has become familiar amid historically low demand from tenants and a challenging financing market.

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