CRER’s Nate Gautsche represented the buyer in the off-market acquisition of 45,000 SF at 100 S State. Fully gut renovated for WeWork in 2018, the upper floors were subsequently vertically subdivided while the seller retained the retail on floors 1 and 2.
This site offered Nate’s client the opportunity to owner occupy high quality space at a small fraction of the pre-covid pricing in a corner building on the iconic State Street corridor.
Located across the street from the historic Palmer House Hilton and CIBC Theatre, two blocks from Millennium Park and the Art Institute and easy access to Red Line (50’), Blue Line (450’) and the Orange, Purple, Brown, Pink and Green Lines (1,000’), it’s difficult to find a more central and accessible location in Chicago.
“For office users and investors, today represents the most attractive buying environment the Loop has seen in decades,” said Gautsche. “The market will rebound—Chicago’s Loop always does—and those who act now will look back and recognize this moment as a generational opportunity to acquire core assets at compelling pricing.”
Looking for your next investment opportunity? Reach out to Nate for a consultation.
