Login

Iconic ‘Big Red’ Poised to Be Chicago’s First Major Office Sale in 2020

Pending $370 Million Deal Could Bring Confidence Back to Sluggish Downtown Investment Market
Chicago's "Big Red," with its rich hue, is a standout in a sea of brown-brick buildings. (CoStar)
Chicago's "Big Red," with its rich hue, is a standout in a sea of brown-brick buildings. (CoStar)
By Jennifer Waters
CoStar News
January 24, 2020 | 6:18 P.M.

The iconic downtown Chicago building known as “Big Red” is under contract for $370 million in what would represent the city’s first major office tower deal in 2020, a sale that might rekindle faith in the market after a sluggish investment year.

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