|
|
Article: Australian owner abandons efforts to sell Chase Tower
- Article from:
- Indianapolis Business Journal
- Article date:
- September 21, 2009
- Author:
CopyrightCopyright IBJ Corporation Sep 21, 2009. Provided by ProQuest LLC. (Hide copyright information)
|
Indiana's tallest skyscraper is staying in the hands of the Aussies.
Macquarie Office Trust of Sydney, Australia, has quietly pulled the 48-storyChase
Tower off the market, along with a property in Boston and a property in Denver that failed to draw juicy enough offers.
"The ... assets have been withdrawn from sale as there weren't bids that made sense for us to pursue at this stage," Macquarie CEO Adrian Taylor said in a conference call with analysts late last month.
IBJ reported in January that cash-strapped Macquarie had put the property, along with the adjacent Circle Building, up for sale with an asking price of $180 million. The tower was built in 1989, and Circle Building went up in ...