Press Release
CBRE to Market Sale of 21 Former School Properties in Chicago
Chicago, IL
March 18, 2025
Media Contact
Corporate Communications, Midwest
CBRE today announced it has been retained by the Board of Education of the City of Chicago as the exclusive agent for the sale of 21 properties throughout Chicago. These assets are sold via a public bid process, with the current round to bid opening Friday, March 14. Bids on individual properties are due in person no later than 4:00pm CST on May 30, 2025.
CBRE’s Mike Nardini and Nicole Mentone will market the opportunities on behalf of the Board of Education of the City of Chicago.
“We currently have multiple projects in each of these wards,” said Nardini, “The demand is high for affordable housing conversions, senior housing conversions, and community centric repurposing.”
Full information on the properties available can be found on the CPS Procurement site or by reaching out to Mike Nardini or Nicole Mentone.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.