Chicago & Midwest + Downtown + Office | August 19, 2021

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 Pushes Back Deadline for Bids on Thompson Center

The state has extended the deadline for prospective buyers to bid on downtown Chicago’s James R. Thompson Center. With that extended deadline comes a new closing date on a sale of the state government office building, now set at April 2022.

The due date to respond to the state’s request for proposals was originally August 16. Now, that date has been pushed to Oct. 8, according to Illinois’ Central Management Services (CMS) office.

“Several vendors interested in responding to the RFP have requested additional time to develop their proposals to reflect a number of positive developments that will impact pricing including the zoning change passed by City Council, memorandum of understanding with the Chicago Transit Authority, and a memorandum of agreement with the Illinois Department of Natural Resources,” CMS said in a statement.

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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 13-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 15-20 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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