Blackstone Group LP agreed to buy Chicago’s Willis Tower, the second-tallest building in the U.S., and plans to upgrade the retail and observatory space in a bet on growth in the city. [...]
On a per-square-foot basis, the valuation for the more than 40-year-old Willis Tower is lower than deals for newer buildings. The Blackstone price is about $342 a square foot, based on about 3.8 million square feet (353,000 square meters) of rentable space.
— bloomberg.com
4 Comments
Guess we should be happy Larry Silverstein didn't buy it.
and i had just stopped calling it Sears Tower. Damn.
Teardown
LOL beta.
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