✉news BusinessRetail first seen 8 h ago, last 8 h ago, peak #24
Edwards Realty Co. Buys Chicago's Block 37 for $30M
Original: Edwards Realty Co. Acquires Block 37 For $30M
Edwards Realty Co. has acquired Block 37, the downtown retail development, for $30 million. The deal gives the firm control of a prominent retail property that has changed hands repeatedly over the years as Chicago's central shopping district has struggled. Observers are watching whether new ownership can revive the complex's retail and office prospects.
Why now: The sale of a well-known downtown Chicago property at a fraction of its past value is drawing attention to the city's commercial real estate troubles.
Edwards Realty Co.Block 37Chicago
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