Offering Summary

Jones Lang LaSalle (Illinois), L.P. (“JLL”) has been exclusively retained to arrange the sale of 209 West Jackson Boulevard (the “Property”, “Offering”, or "209 W Jackson"). Benefiting from a transit-oriented location within the West Loop, the lender owned Property is provides a basis reset opportunity at the epicenter of nearly $2.4 billion of amenity rich developments, parks, and public spaces completed between 2019-2022. The 12-story 142,997 rentable square foot (“RSF”) Property currently operates as a 33.9% leased mixed-use office and retail building with 4.9 years of remaining weighted average lease term (“WALT”). Originally constructed in 1896, 209 W Jackson is recognized by the National Register of Historic Places, providing investors with the potential for lucrative subsidies available via Historic Tax Credits (“HTC”) and Class L Property Tax Incentives (“Class L”). Paired with flexible underlying DC-16 Downtown Mixed-Use zoning and a highly adaptable boutique floor plan, the Property presents investors with exceptionally rare optionality to pursue a broad range of as-of-right adaptive reuses.

Investment Highlights

  • Lender Owned Basis Reset Opportunity with Available Financing
  • Irreplaceable Transit-Oriented & Amenity Rich Location 
  • Developer Friendly As-Of-Right Zoning
  • Existing National Landmark Status Provides Path For Valuable Government Subsidies
  • Versatile Boutique 12,000 RSF Floor Plates 
  • Valuable In-Place Commercial Income Anchored by Reputable Retailers 
Pool
Gym
Clubhouse
Clubhouse Interior
Bathroom

Investment Contacts

Sam DiFrancesca 

Senior Director

312.300.7301

sam.difrancesca@jll.com 

Jaime Fink

Senior Managing Director

312.528.3683

jaime.fink@jll.com 

Misha Katashevich

Analyst

773.524.8691

misha.katashevich@jll.com 

Patrick Shields

Senior Director

312.528.3685

patrick.shields@jll.com 

Bruce Miller

Senior Managing Director

312.228.2340

bruce.miller@jll.com 

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