Blackstone Taps Willis Tower Team

CHICAGO—The Blackstone Group has selected the Telos Group and CBRE to reposition the office, retail and entertainment space at Chicago’s iconic Willis Tower. The company closed the acquisition on June 5, and intends to begin repositioning the property immediately. Douglas Harmon of Eastdil Secured was the exclusive representative on the transaction.

Equity Office, an affiliate of Blackstone, will act as property manager for the 4.5 million square feet of space, including the Skydeck. Chicago-based Telos will reposition and lease the 3.8 million square feet of office space, and CBRE will lease the retail and entertainment complex.