National Commercial Real Estate News From CoStar Group
Office, Parking Portion of John Hancock Center Sold
A group of investors led by The Hearn Co. has acquired the office and parking portions of the John Hancock Center, one of the largest skyscrapers in the U.S.
Financial terms of the transaction were not disclosed by Hearn, head of the buyer’s group that also includes The Lynd Co. and Mount Kellett Capital Management LP, but multiple published reports listed the sale price at $140 million.
The 100-story tower at 875 N. Michigan Ave., well known...