Tribune Media, owner of Chicago’s 36-story Tribune Tower, announced that it has acquired the services of real estate investment banker Eastdil Secured to explore the different options for selling or re-developing the property.
President Murray McQueen of Tribune Real Estate said that this deal can be “an incredible opportunity.” He added that they expect a lot of interest in this property from a large assortment of private and institutional investors and developers.
The Tower was built in 1925 and was granted landmark status in 1989, and is the home of the Chicago Tribune.