Blackstone may be selling its portfolio of downtown and suburban office buildings including: The Mercantile Exchange at 10 and 30 S. Wacker Dr., 161 N. Clark St., and 1 N. Franklin St and the Civic Opera building, 20 N. Wacker Dr.

Suburban properties are said to include Oakbrook Terrace Tower; Corporate 500 Centre and 500 Lake Cook Rd., Deerfield; Commerce Plaza and 2001-2021 Spring Rd.; Oak Brook; Lincoln Center at 18W140 Butterfield Rd., Oakbrook Terrace; 1011 Butterfield Rd., Vernon Hills; Westbrook Corporate Center, Westchester; and Parkway North Center, Deerfield.

The suburban properties in the portfolio are expected to sell for between $200 per sf and $225 per sf and the Chicago properties are expected to sell between $300 per sf and $330 per sf.,

Courtesy Cityfeet and
Gina Kenny of GlobeSt. com
May 30, 2007