444 N. Michigan, Chicago, IL
CHICAGO, IL—CIM Group and Golub & Company have acquired 444 N. Michigan, a 36-story, approximately 517,000-square-foot office building with ground floor retail located on Chicago's Magnificent Mile, directly across the street from another joint venture, the Tribune Tower redevelopment.
The building, built in 1976, is occupied by tenants representing a diverse set of industries including technology, media, healthcare, law, real estate, and professional services.
The property is surrounded by numerous retail, restaurant, hotel, and entertainment options and one block from the river. The building is easily accessed by the city's many transportation options with multiple adjacent bus stops, a 3-½ block walk to the “L” Red Line train at Grand Avenue Station, and near Lake Shore Drive.
CIM has qualified many of Chicago's neighborhoods as communities in which it will invest and utilizes its broad expertise to develop, reposition, or operate properties to serve the real estate needs as well as enhance the value of the neighborhood. The acquisition of 444 N. Michigan is another addition to CIM's growing Chicago portfolio.
CIM Group and Golub & Company have partnered on other properties in Chicago including 1001 South State Street—a 40-story multifamily residential tower, Fifteen Fifty on the Park condominiums, 625 North Michigan office building, Tribune Tower West redevelopment and Tribune Tower East development.
CIM's other Chicago area investments include Block 37, the 275,000-square-foot, five-level retail center in Chicago's Loop; Marquee at Block 37, the 38-story, 690-unit residential apartment tower on top of Block 37; 425 Financial Place office complex; 1326 S. State apartment tower currently under construction; 1241 and 1647 N. Milwaukee Avenue; Midway Technology Centre; and 725 S. Wells Data Center.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
