Sam Zell is poised for a hefty gain on the $215 million sale of a West Loop office tower.
John Hancock Real Estate, a unit of Toronto-based insurer Manulife Financial Corp., has agreed to buy the 40-story tower at 200 S. Wacker Drive from a venture including Mr. Zell, sources said.
About four blocks to the east, New York investor Alfons Melohn will pay almost $135 million for the 24-story tower at 111 W. Jackson Blvd., a source confirmed. It is being sold by a venture led by Michael Silberberg of Nanuet, N.Y.-based Berkley Properties LLC. Both towers are about 95 percent leased.
Read more in Crain’s Chicago Business.