525 West Van Buren
525 W Van Buren St, Chicago, IL, 60607-3823, US
516,385 sf
Asset Description
Jones Lang LaSalle Americas (Illinois), L.P. ("JLL"), as sole and exclusive agent for owner, has been retained to offer for sale or lease, the opportunity to acquire up to 500,000 square feet of space within Chicago’s world-famous Water Tower Place. Ownership is evaluating a consolidation of the property’s retail uses down to the first three levels of the mall. This leaves the upper floors available for lease or purchase by entities wishing to create a highly visible and accessible location for a variety of uses.
Available Space: up to 500,000 SF
Available Floors: 4th through 8th Floor
Sight Lines: Michigan Avenue, Lake Michigan
Dedicated Access: Pearson Avenue Entrance
Lobby Options: Single Floor or Multi-level Atrium
...
Attributes
Year built
1976
Building class
Class A
Rentable area
500,000 sf
Floor to ceiling height
17 ft
Parking spaces
688
Media
Investment Highlights
IRREPLACEABLE LOCATION AT THE NORTH END OF THE MAGNIFICENT MILE
• Extraordinary view corridors of Chicago’s Skyline and Lake Michigan
• $150,000 average annual income within a one-mile radius - Chicago’s wealthiest neighborhoods
• Population of over 120,000 within a mile of Water Tower Place
• Water Tower Place offers direct access to and from the adjacent Ritz Carlton
LARGE FLOOR PLATES FOR MAXIMUM EFFICIENCY AND DESIGN FLEXIBILITY
• Below-grade parking and sheltered concourse with access to the upper floors
• Unparalleled opportunity to secure one or more 100,000 sf contiguous floor plates
• Water Tower Place is the only Michigan Avenue building with 500,000+ square feet of contiguous space available
• Ideal for a corporate consolidation offering an enclosed garage
AN ICONIC, DESTINATION ASSET
• Global recognition and the largest vertical mall in the Chicago Metro
• 3.1 million visitors over the past year
• Most popular tourist destination in Chicago
OPPORTUNITY FOR NON-PROFIT OCCUPANCY
• Ability to reduce occupancy costs by owning vs leasing space through real estate tax-exempt status
• Adjacency to nationally ranked Northwestern Memorial and Lurie Children’s Hospitals
• Signage and branding opportunities
Deal Team:
-Thomas Kirschbraun
Managing Director
312-560-6915
-Meredith O’Connor
Executive Managing Director
312-523-8737
-Danny Kaufman
Senior Managing Director
312-420-7788
-Bruce Miller
Senior Managing Director
312-498-2404
Contact brokers
Water Tower Place (0 Properties)
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Last updated
18 Jun 2025
