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London Firm Looks To Sell Property on Chicago’s Magnificent Mile After More Than Two Decades

Luxury Watch Brand Rolex Is Tenant in Otherwise Vacant Space

London-based Grosvenor wants to sell retail space at 701 N. Michigan Ave. in Chicago, on the lower two floors of the separately owned Warwick Allerton Hotel Chicago. (CoStar)
London-based Grosvenor wants to sell retail space at 701 N. Michigan Ave. in Chicago, on the lower two floors of the separately owned Warwick Allerton Hotel Chicago. (CoStar)

A London-based real estate investor is looking to sell a retail property it has owned for more than two decades on Chicago’s Magnificent Mile, where property sales are historically rare.

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