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The state of Illinois has executed a purchase and sale agreement with the buyer of the James R. Thompson Center in Chicago's Loop

State Moves Ahead on Thompson Center Sale with RFP

The state’s Department of Central Management Services said Tuesday that it would issue a request for proposals this week for “an array of technical and project management expertise” for the sale of the James R. Thompson Center in the Loop. With an Oct. 4 deadline for responses, the RFP seeks guidance on disposing of the Helmut Jahn-designed office property at the best value to the State of Illinois.

“The Thompson Center is an inefficient work environment for the current demands of state business,” said Gov. JB Pritzker. “We are moving forward with the process of selling the facility and using the proceeds to help stabilize the pension system.”

Opened in 1985, the 17-story Thompson Center encompasses approximately 1.2 million square feet. Because of prolonged deferred maintenance and delayed capital projects, the cost of bringing the building to a state of good repair has been estimated at more than $300 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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