U. of C. Acquires 53rd Street Borders

The University of Chicago has acquired the now-vacant Borders building at the corner of Lake Park and 53rd Street in Hyde Park, and it has hired — who else? — McCaffery Interests to shop the building to potential tenants. A press release from the university says it is seeking "retail, home goods, entertainment or restaurant tenants" to fill the 25,000-square-foot building. [University of Chicago]