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One of Chicago’s tallest skyscrapers goes under contract for about $70 million

Local investors John Murphy and Gerald Kostelny have deal to buy 65-story office tower
The 65-story office tower at 311 S. Wacker Drive in Chicago is under contract to be sold for about $70 million. (Gian Lorenzo Ferretti/CoStar)
The 65-story office tower at 311 S. Wacker Drive in Chicago is under contract to be sold for about $70 million. (Gian Lorenzo Ferretti/CoStar)
CoStar News
January 8, 2025 | 9:59 P.M.

One of Chicago’s tallest skyscrapers is in line to join the wave of office properties selling at huge discounts from previous pricing throughout the city and the country.

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