The state-owned James R. Thompson Center in Chicago will be renovated and sold to Google in a $105-million deal that assures the future of the oft-beleaguered yet iconic building in Chicago’s Loop. Illinois officials estimate the building needs about $148 million worth of work.
After years of trying to unload the office building, designed by the late architect Helmut Jahn, Illinois Gov. J.B. Pritzker (D) announced the sale of the 1.2-million-sq-ft property at 100 W. Randolph Street on July 27. Google and JRTC Holdings, LLC have entered into a build-to-suit agreement for the redevelopment of the building, which Google intends to occupy upon completion of the renovation.