Wintrust Business Minute: New York developer could purchase 303 E. Wacker building, home of WGN Radio

Wintrust Business Lunch

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

New York developer 601W, the owner of the Old Post Office in Chicago, reportedly has a purchase contract for the 30-story office building at 303 E. Wacker. Crain’s says the purchase price has not been disclosed but people familiar with the deal say it could be about $63 million. Seller, Beacon Capital Partners, bought the building in 2018 for $182 million and spent $32 million for renovations and upgrades. 303 recently lost engineering firm AECOM and the U.S Soccer Federation, which is moving to Atlanta. The building is 77% leased and is also home to WGN Radio and parent Nexstar Media Group.

Some Connie’s frozen pizzas are being recalled because they may be contaminated with plastic. Listen for more below:

https://serve.castfire.com/audio/7117522/7117522_2024-12-18-182122.64kmono.mp3

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