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City Closing $3M in Downtown Sales

CHICAGO-A building at 212 S. State St. is being sold as part of a federal courthouse expansion project. Another property at 174 W. Randolph St. will create Theater District parking in the short term, before a mixed-use development is built.

By Mark Ruda | Updated on May 16, 2006

CHICAGO-Two city-owned Downtown properties are closer to being sold in separate deals. One ultimately will expand the federal courthouse complex in the Central Loop while the other will provide more parking in the Theater District in the short term.

The federal government’s General Services Administration is paying more than $2.1 million for a 18,200-sf building at 212 S. State St. The GSA is spending $53 million Downtown for an expansion that could increase federal courthouse space by 1.5 million sf during the next 20 years. Meanwhile, the city is selling a 3,676-sf site at 174 W. Randolph St. for $1.2 million. A vacant, 17,500-sf building will be razed.

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