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Empty office space may no longer leave Loop landlords with an empty feeling.

In a sign of improving times for the downtown Chicago office market, real estate company Lincoln Property Co. and investment manager PIMCO are preparing to put the 29-story office tower at 230 W. Monroe St. on the for-sale market, where bids could approach $200 per square foot, or nearly $125 million, despite nearly a third of the space being unoccupied, sources said.

That would be about 37 percent more than the $91.3 million Dallas-based Lincoln and Newport Beach, Calif.-based PIMCO paid for the 623,524-square-foot building in August 2012, when it was about 90 percent leased.


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