The Houston-based company has hired Holliday Fenoglio Fowler, LP senior managing director Glenn Whitmore, as well as managing directors Jaime Fink and Jeff Bramson, to sell the 841,498-sf building, which opened last month.
Fink notes a "blue-chip" tenant roster led by Sidley Austin Brown & Wood, Barton Brands and Mittal Steel Corp. "The superior tenants and long-term leases make this an attractive bond-like investment for core investors desiring superior cash flow return with minimal rollover in a location with extraordinary residual value," he adds.
Hines, which built 1 S. Dearborn St. with a $140-million construction loan, has moved on to 300 N. LaSalle St., where it is building a $400-million, 1.3-million-sf property anchored by another law firm, Kirkland & Ellis.
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