John Buck, the Chicago-based development firm has hired Jones Lang LaSalle to sell 3Eleven, a 25-story building with 245 apartments at 311 W. Illinois St. that originally opened in 2018. Buck, is also in the process of selling Mila Chicago, a 40-story unit tower at 201 N. Garland Court. A buyer has agreed to buy the 402-unit building, according to the website of the brokerage selling it, Walker & Dunlop, with no indication of when the deal will close.
The 3Eleven building is 95 percent occupied. Monthly rents range from US$2,394 for a studio apartment to US$5,872 for a three-bedroom unit, according to the brochure.
In addition to 3Eleven and Mila, Buck also owns Porte, a 586-unit apartment complex in the West Loop, in a joint venture with Lendlease. On the office front, the developer recently hired JLL to sell a 38-story office building at 33 N. LaSalle St. Buck in June 2022 also unveiled plans for a two-tower office project next to the Kennedy Expressway in the West Loop.
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