Business Services Industry
Big deal: bidders buzzing Sears Tower.
Crain's Chicago Business, October, 1997 by Corfman, Thomas A.
Canada's TrizecHahn, Zell seen as potential buyers of Loop giant The real estate industry's greatest buying frenzy in a decade will soon claim the biggest catch of all: Sears Tower and its 3.4 million square feet of office space. Real estate industry sources say the owner of the 110-story building, a trust affiliated with Boston-based money manager AEW Capital Management L.P., is in serious talks to sell its interests.
One would-be buyer is identified as Toronto-based TrizecHahn Corp., a publicly held real estate giant whose commercial office division is based in Chicago. Another bidder said to be interested in the Tower is Chicago-based Equity Office Properties Trust, a real estate investment trust (REIT) controlled by financier Sam Zell. TrizecHahn, AEW and...
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