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Longtime Owners of Chicago Board of Trade Building Hand Property Back to Lender

Office Tower Becomes One of City’s Best-Known Properties To Fall Into Financial Distress Since COVID-19

The Chicago Board of Trade Building forms the southern end of the so-called LaSalle Street canyon of office towers. (Gian Lorenzo Ferretti/CoStar)
The Chicago Board of Trade Building forms the southern end of the so-called LaSalle Street canyon of office towers. (Gian Lorenzo Ferretti/CoStar)

The longtime owners of the Chicago Board of Trade Building are walking away from their investment in the 44-story office tower and handing it back to their lender, making it one of the highest-profile buildings in the city to fall into financial distress since COVID-19.

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