One Two Pru owners take step to avoid office market turmoil
Briefly

The owner of Chicago's iconic One Two Pru office complex at Michigan Avenue and Randolph Street said it's taking steps to head off potential financial trouble amid the rise of remote work and a decimated office market.Wanxiang America Real Estate Group, which bought the two towers in 2018 for $680 million, said it requested a transfer of the property's $389 million loan to special servicing, more than two years ahead of the 2025 maturity date.
Read at Chicago Tribune
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