CBRE has secured one of Chicago’s most high profile mixed-use development opportunities situated on the Chicago river in the downtown core. The Waterview Tower, when completed, will be Chicago’s fifth tallest buildings with over 1.3MM square feet. This 90 story mixed-use tower will consist of high end multi-family, a premier hotel and 492 parking spaces. CBRE will be marketing the current 25 story core and shell structure to prospective buyers on a global basis. The CBRE team is a collaboration of the multi-housing group and the hotel group. Marcello Campanini and John Jaeger will be handing the multi-family component with Kevin Mallory and Peter Greene working on the hotel component.

CBRE Selected as Exclusive Sales Advisor for 303 West Madison
McMorgan & Company has awarded Michael Vesper and Blake Johnson of CB Richard Ellis’ Downtown Chicago Investment Properties Institutional Group the exclusive sales advisor assignment for 303 West Madison, Chicago, IL.  The sale of 303 presents a rare opportunity for investors to acquire a core, Class A West Loop asset at a price below $75 million. The building’s location enjoys extensive foot traffic as thousands of professionals travel to and from the commuter trains and in and out of downtown.  303 West Madison is a 310,541 sq. ft., 26-story office tower with beautiful marble and granite finishes. Located in the heart of Chicago’s West Loop at the corner of Franklin and West Madison Streets, the property was designed by Skidmore, Owings & Merrill and was completed in 1987. Amenities include twenty-six executive parking spaces on its lower level and on-site retail includes Starbuck’s Coffee, Potbelly’s sandwich shop, Yogen Fruz yogurt and a sundry store.

Ponte Gadea Names CBRE as Exclusive Retail Leasing Agenty for Magnificent Mile Property
Ponte Gadea, S.L. of Coruna, Spain has retained CB Richard Ellis as the exclusive retail leasing agent for 730 North Michigan Avenue, located on Chicago’s Magnificent Mile at North Michigan Avenue and Chicago Avenue, effective April 1st.  Over 83,000 square feet of the complex’s 238,000 square feet is vacant following the departures of CompUSA and most recently American Girl.  CBRE’s Bruce Kaplan, Senior Vice President and Todd Siegel, Associate, are charged with leasing the retail space. Facing Chicago’s famed Water Tower with hundreds of feet of street frontage along Chicago Avenue and Rush Streets, this asset represents an opportunity for one or more retailers to establish a dominant presence in one of the world’s great shopping districts.  In addition, the building can be reconfigured in a manner to accommodate a wide range of tenants ranging from 15,000 to 83,000 square feet.  The property is currently home to Tiffany & Co., Polo/Ralph Lauren, RL, Banana Republic, Peninsula Hotel, and Victoria’s Secret.