Reported Oct 7, 2026 · Source: Bisnow
Block 37 retail podium is a retail sale in Loop / South Loop, Chicagoland. Other details we have: buyer Edwards Realty Co. (with Republic Bank, LFI Energy, The Rose Family Office); seller CIM Group; price $30M; size 277,654 SF; 65% occupied. Bisnow reports: “The Chicago-based real estate development and property management firm paid $30M Tuesday for the 278K SF vertical shopping mall at 108 N. State St. The move comes as retail tenants have slowly started to return to the city's downtown, which was hammered during the pandemic.” Bisnow reports: “The mall is 65% occupied, the developer told Bisnow.”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at Bisnow. What the article says:
The Chicago-based real estate development and property management firm paid $30M Tuesday for the 278K SF vertical shopping mall at 108 N. State St. The move comes as retail tenants have slowly started to return to the city's downtown, which was hammered during the pandemic.
The mall is 65% occupied, the developer told Bisnow.
Edwards Realty Co. acquired the 278K SF vertical shopping mall at a steep discount on Tuesday, aiming to reposition the massive property.
The trade represents a significant loss for seller CIM Group, which acquired the property out of foreclosure in 2012 for nearly $84M.
Article date: 2026-10-07T07:05:02-04:00
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