515 North State Street in Chicago Sale to Be Marketed by HFF.

CHICAGO -- The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has been named to market for sale 515 North State Street, a 622,487-square-foot, Class A office tower in downtown Chicago, Illinois.

HFF managing directors Jaime Fink and Jeff Bramson and director Ken Glomb will lead the investment sales team on behalf of the seller, 515 North State Street Chicago, LP. The property is being offered with attractive first mortgage financing that is assumable by a potential purchaser.

Completed in 1990, 515 North State Street has 29 stories of office space that is 94% leased to tenants including the American Medical Association (AMA) and the Accredited Council for Graduate Medical Education (ACGME). The property has an average lease term of eight years. Located at the corner of State Street and Grand Avenue, 515 North State Street is close to two Chicago Transit Authority subway stations and Lake Shore Drive in Chicago's North Michigan submarket.

"515 North State Street is a tremendous core investment opportunity with an impressive tenant base in a trophy-quality asset," said Fink.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.