[Randomguy34]

Surprised this wasn't posted yet

Former John Hancock Center is getting a new owner: Sterling Bay

By Ryan Ori
e building formerly known as the John Hancock Center is also getting a new owner: Sterling Bay.

The Chicago developer has a more than $300 million deal to buy the office and parking portions of the 100-story skyscraper at 875 N. Michigan Ave., according to people familiar with the deal.

The exact price could not be determined, but it’s believed to be almost $310 million, according to the sources. The deal is for 717 parking spaces on floors four to 12 and about 908,000 square feet of offices on floors 13 to 41.

Not included in the deal are residential condominiums, retail and restaurant space, the 360 Chicago observatory and broadcast antennas atop the tower — all of which have separate owners.

As part of the deal, Sterling Bay will own potentially lucrative naming rights.

http://www.chicagotribune.com/busine...712-story.html