Tribune Tower is For Sale, Publication Says

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Joe Sutton

Chicago’s historic Tribune Tower is reportedly for sale.

The building’s owner, Tribune Media, announced Thursday that it has hired real estate investment banker Eastdil Secured to explore options for a sale or partnership to redevelop the Michigan Avenue landmark, the Chicago Tribune reported.

Murray McQueen, president of Tribune Real Estate, reportedly said in a statement that the offer is “an incredible opportunity” and they “are expecting a high level of interest from a broad range of private and institutional investors and developers.

The 36-story building, which houses the Chicago Tribune, was built in 1925 and named a Chicago landmark in 1989.
 

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