211 West Wacker Drive was built in 1929 as the headquarters of the Chicago Evening Post. The Post was merged into the Chicago Times and later merged with The Chicago Sun and 211 W. Wacker served as the Chicago Sun – Times Building until 1956  (when the Sun – Times built on the site now being demolished for the Trump Tower – Chicago.)

Since being re-developed in 1984, 211 W. Wacker has been an investment of institutional owners. Ameritus purchased the building in September of 2004 and manages the property. Now, for first time Wacker Drive real estate will be available to smaller business. There have been several recent upgrades to the building; including all new security cameras, complete Life Safety replacement consistent with the 2005 Life Safety High Rise Code, and New Roof and Lobby Renovation. Ameritus registered its Condominium Declaration with the City of Chicago on Feb 22, 2005. As of May 2005 we have sold 27,000 SF and have 20,000 SF under contract or with a letter of intent in place.

Full Floors range from 8,336 SF to 8,910 SF and we are asking between $225/SF and $245/SF, or approximately $2,000,000.00 per Floor. We can divide and sell units as small as 845 SF and can assemble as much as 47,000 SF of contiguous space on the “column floors” 1-5 (see picture), for deliverance January 1, 2006. Occupancy cost for your clients consists of three factors:

For a financial breakdown of costs including real estate taxes, assessments, operating expenses and projected mortgage analysis, please reference the PDF of the Cost Analysis or Buy v. Lease in the Marketing Literature Section.

We are flexible on closing dates, so if your client has a lease expiring over a year or more out, ask us about current leased spaces available for future sale. Perhaps your client can lock in today’s low interest rates and purchase a space that has an expiration that closely coincides with their lease expirations.