The former home of Ebony and Jet magazines is on the market for sale a few years after the 11-story building overlooking Chicago’s Grant Park was converted to 150 apartments. JLL brokers are marketing the multifamily property at 820 S. Michigan Ave., former home of influential Black publisher Johnson Publishing, according to marketing materials. Johnson Publishing, at one time, was one of the largest Black-owned businesses in the United States, led by John H. Johnson. Rosemont, Illinois-based 3L Real Estate and Wayne, Pennsylvania-based Argosy Real Estate Partners did not immediately respond to requests for comment from CoStar News on Tuesday. A 10th-floor Ebony test kitchen was sold for $1 to Landmarks Illinois during the rehab of the building.

Source: Forbes March 13, 2024 01:08 UTC