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CME Eyes $210M CBOE Building Stake Sale

CME Group is seeking to offload most of its stake in the Chicago Board of Trade building.

CME Group is seeking to offload most of its stake in the Chicago Board of Trade (CBOE) building, The Wall Street Journal reports. The New York-based derivatives and futures exchanges operator may raise about $210 million from the sale.

As a part of the agreement, the seller will secure a 15 year lease on the sale of the facilities it currently uses and retain ownership of the building’s east tower, which is houses its financial-futures markets. CME has appointed Jones Lang LaSalle and Holly Duran Real Estate Partners to market the building.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Financial Times.

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